AGS Transact Technologies Wins INR 58 Crore Contract Over Five Years 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 ‘XtraPower’, the fuel and fleet management program of Indian Oil Corporation Limited (IOCL). 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 (SOC) implementation. The ‘XtraPower’ program is accepted at over 25,000 IOCL fuel retail outlets and processes transactions worth more than INR 60,000 crore annually. The collaboration aims to enhance the digital experience and fleet management efficiency across India.