In a major development for the fintech sector, Indian financial technology firm Zaggle has announced a strategic partnership with US-based travel and expense solutions provider Mesh Payments. The collaboration is aimed at tapping into the fast-growing global spend management market, offering smart financial tools for businesses with international operations.
The announcement was made on Thursday through an official statement by Zaggle, highlighting how the partnership is designed to help Indian multinational companies (MNCs) seamlessly manage their global expenses across the United States, Europe, and Latin America. With Mesh Payments’ advanced capabilities to issue corporate cards internationally, Indian firms can now gain better control over their cross-border corporate spending.
Mesh Payments, which already serves multiple international clients, also sees this partnership as a way to reach deeper into the Indian market. The collaboration will allow Mesh’s global clients operating in India, especially through their Global Capability Centers (GCCs), to benefit from Zaggle’s expansive spend management infrastructure. This includes a suite of tools like prepaid cards, forex cards, and corporate credit cards — all designed to bring efficiency, compliance, and transparency into business spending.
Speaking about the collaboration, Raj P Narayanam, Founder and Executive Chairman of Zaggle, said the partnership with Mesh Payments is a strategic move that helps the company extend its platform’s leadership beyond Indian borders. He emphasized that this collaboration will significantly enhance how Indian and global companies manage their financial operations across geographies.
Zaggle’s solution has already proven to be a leader in India’s digital spend management space, and this partnership is set to add another layer of global competitiveness to their offerings. The company works closely with several leading banking partners and is regarded as one of the top issuers of prepaid cards in India. These cards are widely used by companies for employee reimbursements, business travel, rewards, and expense automation.
According to a recent Deloitte report, India’s top 100 companies collectively spend more than $2.2 billion on business travel. This underscores the scale of opportunity in offering smart, tech-driven solutions that can manage and monitor these large travel-related expenses efficiently. Zaggle and Mesh Payments aim to address this need by offering customized, scalable, and AI-powered spend management tools.
Avinash Godkhindi, Managing Director and CEO of Zaggle, emphasized how this partnership is aligned with India’s fast-paced digital transformation. He noted that India’s digital growth is creating an unprecedented demand for intelligent spend solutions, and Zaggle is uniquely positioned to meet that demand through its experience, technology stack, and now, with this international collaboration.
With increasing global expansion, many Indian businesses now require financial platforms that offer cross-border payment support, multi-currency processing, and real-time spending insights. This is where the Zaggle-Mesh collaboration becomes highly valuable. Mesh Payments offers a robust infrastructure that allows businesses to issue virtual and physical corporate cards, track every transaction in real time, and enforce automated spending policies.
Zaggle, on the other hand, brings its deep knowledge of the Indian financial landscape, regulatory requirements, and integration with Indian banks and payment systems. Together, both companies aim to create an integrated spend management ecosystem that empowers finance teams to manage expenses more accurately and efficiently, whether in India or abroad.
This partnership holds immense potential not just for Indian MNCs but also for foreign businesses operating in India. Many global corporations run operations in India through their GCCs (Global Capability Centers), and now they can leverage Zaggle’s tools to automate, analyze, and audit their local expenses — from business travel and hospitality to logistics and vendor payments.
By using Mesh’s advanced tools and Zaggle’s established network, clients can enjoy benefits like real-time budget tracking, multi-currency card issuance, AI-based fraud prevention, automated expense categorization, and easy accounting software integration. These features provide businesses with unmatched control, visibility, and compliance across all levels of financial operations.
In recent years, spend management platforms have become essential for modern enterprises. Traditional methods like spreadsheets, manual approvals, and paper-based reporting are no longer sufficient in today’s fast-moving digital economy. Companies now require automated, cloud-based, and mobile-friendly solutions that not only track expenses but also help optimize budgets, enforce policies, and prevent misuse.
The global spend management market is projected to reach billions of dollars in valuation by 2030, driven by factors such as increasing remote and hybrid workforces, greater global mobility, regulatory compliance needs, and demand for transparency in finance. Zaggle and Mesh aim to be at the forefront of this shift, delivering powerful tools that meet the evolving needs of CFOs and finance managers.
This collaboration is not just a product integration but a strategic alliance aimed at global fintech innovation. By combining their resources, talent, and technological capabilities, Zaggle and Mesh Payments are setting new benchmarks in how companies handle spending in a globalized world. Both companies are also expected to co-develop new solutions, launch joint marketing and training programs, and offer localized support to ensure a smooth customer experience for clients around the world.The partnership between Zaggle and Mesh Payments is a promising step forward for businesses looking for smarter and more integrated ways to manage their expenses globally. As the world becomes more interconnected, the need for such robust, scalable, and intelligent spend management solutions is only going to grow. With this move, Zaggle is firmly positioning itself as a global fintech player ready to serve the dynamic needs of modern enterprises.
