AGS Transact Technologies has implemented and commenced managing the Prepaid Card Platform for ‘XtraPower’, the fuel and fleet management program of Indian Oil Corporation (IOCL), India's largest public sector enterprise. The company will receive a fixed fee for these services, generating an estimated revenue of around Rs 58 crore over five years.
AGS Transact Technologies operates its business in Payment Solutions; Banking Automation Solutions; and other Automation Solutions (for customers in the retail, petroleum and colour sectors) segments.