AGS Transact Technologies Wins INR 58 Crore Contract for IndianOil’s XtraPower Fuel & Fleet Management Program

AGS Transact Technologies Limited, a leading provider of integrated omni-channel payment solutions in India, has implemented and commenced managing the Prepaid Card Platform for IndianOil’s flagship XtraPower fuel and fleet management program. The contract, worth INR 58 crore over five years, will see AGS Transact providing end-to-end platform & management services, including application development, IT infrastructure provision, application maintenance, backend operations management, and security operations center implementation. The XtraPower program is accepted at over 35,000 IOCL fuel retail outlets in India and processes transactions worth more than INR 70,000 crore annually.