Extension of a contract from the Indian Bank Ltd. for reconciliation of card and digital transactions with a projected revenue of INR 50 crores over a period of 3 years

 Bengaluru – AGS Transact Technologies Limited (BSE: 543451 & NSE: AGSTRA), one of the largest integrated omni-channel payment solutions providers in India in terms of providing digital and cash-based solutions to banks and corporate clients, announced that it has received an extension of a contract from the Indian Bank Ltd. 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 approximately INR 50 crores.

Commenting on the development, Mr. Alok Singh, Executive Vice President, AGS Transact Technologies Limited said, “It gives us an immense pleasure to announce the extension of this contract. This contract win gives us the confidence to continue providing the best-in- class services to all our clients. We remain optimistic about the growth of digital transactions and the services we provide to the Indian banking industry.”