Seshaasai Secures PSU Bank Debit Card Services Contract

The contract has been awarded to Seshaasai along with other successful bidders and will run for three years from December 2025 to December 2028. Revenues under the engagement will accrue based on actual allocations and volumes executed during the contract period.

The order extends Seshaasai’s long-standing relationship with the bank, with the company having supplied debit cards and associated services since 2020. The latest mandate is expected to translate into higher business volumes compared with previous cycles, reflecting an expansion in scope.

Under the new contract, the bank plans to roll out next-generation and premium payment solutions, including metal cards, biometric cards, dynamic CVV cards and non-card wearable form factors. These offerings are aimed at improving customer experience, enhancing transaction security and strengthening product differentiation.