TestCloud
Prep • Practice • Perform
Log In

GIFTCL Collaborates with ZPOSL to Introduce Prepaid Citizen Card and VMS.

Banking & Finance | Dated: 27 Feb 2025

In February 2025, Gujarat International Finance Tec-City Company Limited (GIFTCL), based in GIFT City, Gujarat, partnered with Hyderabad (Telangana)-based Zaggle Prepaid Ocean Services Limited (ZPOSL), a leading Business-to-Business Software-as-a-Service (B2B SaaS) FinTech company, to launch a co-branded Prepaid Citizen Card and Visitor Management System (VMS).

🎯 Key Highlights:

  • - This initiative aims to enhance digital transactions and security within GIFT City.
  • - GIFTCL and ZPOSL have signed a five-year agreement, with potential extensions based on future requirements.

💡 Other Important Facts:

  • (i) The Prepaid Citizen Card will enable seamless, cashless transactions for essential services within GIFT City and will be accepted nationwide. It will serve as a secure digital identity and payment solution for GIFT City’s growing population and workforce.
  • (ii) The VMS will ensure enhanced security in the Special Economic Zone (SEZ) by tracking, verifying, and regulating visitor access. It will integrate identity verification, visitor pre-registration, and a streamlined check-in/check-out process, allowing only authorized individuals to enter the premises.

📚 Test Your Knowledge:

Which company partnered with GIFTCL to launch the Prepaid Citizen Card and VMS?

Correct Answer: Zaggle Prepaid Ocean Services Limited (ZPOSL)

🚀 Quick Recap: