Yes Bank Draws On Zaggle: Credit Cards And Spend Managemnet

Yes Bank and Zaggle Business Credit Card

The Yes Bank and Zaggle Business Credit Card is now available. Yes Bank, a full-service commercial bank based in Mumbai, India, has partnered with SaaS financial technology company Zaggle to offer a corporate credit card with spend management features.

Zaggle ZatiX, the fintech’s real-time spend analytics platform, is integrated with the service to help organizations complete transactions and control costs by imposing spending caps and limiting access to certain types of merchants.

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The goal of the integration is to help business owners “uncover potential cost-saving opportunities, improve budgeting accuracy, and optimally manage working capital” by providing visibility into business overhead costs.

Experts

By 2030, B2B expenditure in India would reach $15 trillion, which will increase the need for effective corporate spend management and put the partnership in a strong position to capture a sizable portion of this market. Since forming a similar agreement with the treasury tech solution supplier IBSFintech in 2022 to initiate paperless communication channels, this launch is the most recent step in the bank’s ongoing effort to digitise its corporate services.

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