Seshaasai Technologies Limited has secured a fresh multi-year debit card contract from a leading Public Sector Bank, reinforcing its position in India’s fast-evolving digital payments ecosystem. The order has been awarded through a competitive tender process and covers the procurement, processing, and personalization of debit cards along with associated services.
The contract is valid for a period of three years, commencing December 2025 and running through December 2028. Revenue recognition under this engagement will be linked to actual allocations and card volumes executed during the contract tenure, in line with industry practice for large banking mandates.
This latest win extends Seshaasai Technologies’ long-standing association with the bank, which dates back to 2020. Over the years, the company has been a consistent supplier of debit cards and related services, and the renewed mandate reflects continued confidence in its execution capabilities, compliance standards, and technology infrastructure.
Importantly, the new contract represents an expansion in both scale and scope compared to previous cycles. The bank plans to roll out higher card volumes and introduce next-generation payment products aimed at enhancing customer experience and transaction security. These include premium offerings such as metal debit cards, biometric cards, dynamic CVV cards, and non-card wearable payment form factors, aligning with global trends in payment innovation and product differentiation.
