AGS Transact Technologies has received an extension of a contract from the Indian Bank for reconciliation of card and non-card transactions. This contract comes under the Payment Solutions offered by AGS Transact. The projected revenue from this contract over a three-year period is around Rs 50 crore.
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.