Seshaasai Technologies Wins Contract for Debit Card Services
Filing Summary
Seshaasai Technologies Limited has secured a contract with a large public sector bank for debit card procurement and personalization. The contract spans three years, from December 2025 to December 2028. It includes the supply of various card types, such as metal and biometric cards. The agreement continues a relationship with the bank that began in 2020. Seshaasai’s revenue from this contract will depend on actual allocations and volumes. The company specializes in secure payment solutions and serves the banking, financial services, and insurance sectors.
Seshaasai Technologies Limited has announced a new contract with a leading public sector bank for the procurement, processing, and personalization of debit cards and associated services. The contract was awarded through a competitive tender process and will last for three years, from December 2025 to December 2028. This agreement continues Seshaasai’s ongoing relationship with the bank, which began in 2020.
The financial terms of the contract specify that Seshaasai Technologies will accrue revenue based on actual allocations and volumes executed during the contract period. The company has not disclosed specific financial figures related to the contract. The agreement includes the supply of various types of debit cards, including metal cards, biometric cards, and dynamic CVV cards, as well as non-card wearable form factors.
The scope of the contract involves the procurement and personalization of debit cards, with an expanded scope compared to previous cycles. The bank plans to introduce new-age and premium payment solutions aimed at enhancing customer experience and security. Seshaasai Technologies will provide these services, leveraging its expertise in secure payment solutions and omnichannel communication.
The contract marks a continuation of Seshaasai’s long-standing relationship with the bank, highlighting the company’s capabilities in large-scale payment card issuance and personalization services. The company has consistently supplied cards and related services to the bank since 2020. This new contract reflects the bank’s evolving needs and the demand for innovative payment solutions in the banking ecosystem.
The timeline for the contract is set from December 2025 to December 2028. Seshaasai Technologies will work closely with the bank to ensure the successful implementation of the contract’s terms. The company will focus on delivering secure and scalable solutions to meet the bank’s requirements.
Seshaasai Technologies Limited is a technology-led solutions provider with a focus on the banking, financial services, and insurance sectors. The company specializes in secure payment solutions, omnichannel communication, and fulfillment services. Seshaasai delivers enterprise-grade solutions that support critical operations across the BFSI ecosystem in India. The company also provides IoT-enabled solutions for various industries, including retail, renewables, logistics, and manufacturing.