Nagpur, June 17 : Virtual Galaxy Infotech Limited , an NSE Emerge-listed technology company specializing in Banking, Fintech, Digital Payments, Cybersecurity, Artificial Intelligence, and e-Governance solutions, today announced its strategic entry into the Zimbabwean market through a new international order valued at USD 550,000 for the implementation of a next-generation Mobile Wallet and QR Payment Platform.
The order represents another significant milestone in VGIL’s international expansion journey and further strengthens its growing presence across Africa, one of the world’s fastest-growing digital financial services markets. The project is expected to support digital payment adoption, financial inclusion, merchant digitization, and cashless transactions within the Zimbabwean financial ecosystem.
Under the engagement, VGIL will deploy a comprehensive digital payments platform encompassing mobile wallet services, QR-based merchant payments, fund transfers, bill payments, customer onboarding, transaction management, and seamless integration with banking infrastructure. The solution is designed to deliver secure, scalable, and high-performance payment services capable of supporting large transaction volumes while adhering to global security and compliance standards.
The Zimbabwe mandate follows VGIL’s successful expansion across African markets and reinforces the company’s commitment to becoming a leading provider of digital banking and payment technology solutions across emerging economies.
Commenting on the development, Mr. Avinash Shende, Chairman, Executive Director and CFO of Virtual Galaxy Infotech Limited, said:
“Our entry into Zimbabwe marks another important step in VGIL’s long-term international growth strategy. Africa continues to demonstrate strong demand for digital banking, mobile payments, and financial inclusion solutions. We believe our proven expertise in banking technology and digital payments positions us well to support financial institutions in their digital transformation journey. This order further validates the global scalability of our technology platforms and strengthens our presence across the African continent.”
Mr. Sachin Pande, Managing Director & CTO of Virtual Galaxy Infotech Limited, added:
“Digital payments are rapidly transforming financial ecosystems across emerging markets. Our Mobile Wallet and QR Payment Platform has been developed with a strong focus on interoperability, security, scalability, and user experience. We are delighted to partner with our customer in Zimbabwe and look forward to delivering a future-ready payments infrastructure that enhances customer engagement and accelerates digital adoption.”
VGIL has established itself as a trusted technology partner for financial institutions, enterprises, and government organizations through its portfolio of AI-driven and mission-critical solutions, including Core Banking Solutions, Digital Payments, Cybersecurity, ERP, Conversational AI, Intelligent Surveillance, and e-Governance platforms.
The company’s international footprint continues to expand across Africa and other emerging markets, complementing its strong domestic presence across the BFSI, ERP, Cybersecurity, and Government sectors. The latest order is expected to contribute to VGIL’s growing export revenues and further strengthen its recurring technology and support business.
The announcement comes on the back of a strong financial year for the company. For FY26, VGIL reported Revenue from Operations of ₹182.1 crore, representing 52% year-on-year growth, while Net Profit increased 44% year-on-year to ₹46.1 crore, reflecting sustained demand for the company’s AI-led software products and digital transformation solutions. The company continues to maintain a healthy order pipeline across Banking, Fintech, Cybersecurity, ERP, AI, and e-Governance segments, providing strong visibility for future growth.
With increasing investments in Artificial Intelligence, Machine Learning, Automation, Digital Payments, and Cybersecurity, VGIL remains focused on building globally scalable technology platforms that empower financial institutions, enterprises, and governments to accelerate digital transformation while enhancing security, operational efficiency, and customer experience.
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