New Delhi, Feb. 10 -- Fintech firm Zaggle Prepaid Ocean Services Ltd plans to enter the merchant card network space through an acquisition and is in talks with a potential target, managing director and chief executive Avinash Godkhindi said on Monday. The acquisition will help the company expand its reach and presence with its existing merchant partners.

While the Hyderabad-based company has managed to secure a foothold on the corporate side, which has allowed it to build a strong employee, channel partner and vendor ecosystem, it's light on merchant partnerships. "We have over 300 merchant partners, but we don't have a software that sits in the system of these merchants," Godkhindi told Mint in an interview.

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