The table below shows total loading values for Closed User Group cards under the prepaid and loyalty programs
run on our platform:
(in millions)

 

 

 

 

Five months ended Financial Years
August 31, 2021 2021 2020 2019
Total Loading Value 5,904 40,174 69,142 49,514

 

 

 

 

 

As of August 31, 2021 and March 31, 2021, 2020 and 2019, we had issued 2.36 million, 2.16 million,
1.79 million and 1.28 million prepaid cards, respectively, since we introduced the prepaid and loyalty programs.
run on our platform. In April 2021, to further enhance our digital capability and to leverage on ITSL’s PPI
authorisation, we started our open loop Ongo prepaid card, which can be used by consumers to pay for
transactions such as online and offline shopping and fuelling. In a letter dated May 21, 2021, the RBI renewed
ITSL’s authorisation on a perpetual basis, subject to ongoing compliance and reporting requirements.

e Cash@POS: Cash@POS facility allows debit card holders to withdraw cash by swiping their cards at
the merchant’s POS terminals.

¢ Merchant Application and Portal: Our application Paytrack allows the merchant to manage multiple
stores and POS machines, view transaction trends, charge slips, settlement status, raise service
requests, and sign up for the latest offerings.

e Loans against card receivables: We assist merchants to make secured and paperless applications for
loans through our tie-ups with financial institutions.

© Ongo Billing++: We provide a billing software made for organized and standalone retail stores which
is pre-integrated with all payment modes and prepaid solutions offered by us.

Fastlane

Our Fastlane solution is a cashless, contactless and paperless payment technology which utilizes advanced
RFID technology. Vehicles are fitted with an RFID tag near the fuel tank inlet and the nozzle of the fuel
dispenser is equipped with a RFID reader, alternatively vehicles are fitted with an RFID sticker which is read by
the POS device. This system enables fleet operators and retail consumers to ensure that vehicles are filled with
the right grade and quantity of fuel, to keep track of fuel consumption and expenses per vehicle on a real-time
basis (through online reports) and to reduce the risk of pilferage. The mobile application allows the user to
preset the fueling amount and the system ensures meter reading is auto-set to zero. The payment is carried out
through a prepaid wallet on a mobile application on which the amount of fuel is preset. Our Fastlane solution
also includes a loyalty and rewards program that provides cashback to our customers. We are paid for our
services both on a fixed fee basis and based on the value of transactions. As of August 31, 2021, Fastlane was.
live across approximately 144 HPCL fuel outlets across Mumbai, Maharashtra and Pune, Maharashtra.

Toll and Transit

We offer transit business solutions to foster smart card-based travel by integrating Automatic Fare Collection
(“AFC”) into leading travel infrastructure systems. AFC is a complex framework of hardware and software
solutions for fare collection at entry and exit touch points at public transport networks such as metro trains, bus:
rapid transit system enabled buses and boats. We have successfully deployed and launched such completely
automated smart ticketing system at Punjab Bus Metro Society at Amritsar and an automated fare collection
system at Kochi Metro Rail Limited at Kochi. Our toll and transit contracts have terms ranging from three to ten
years, and we are paid for our services both on a fixed fee basis and based on the value of transactions.

We have also entered into a strategic agreement with RBL Bank Limited in relation to a proposal to provide an
integrated prepaid card solution based on the NCMC at Bangalore Metro Rail Corporation Limited stations,
comprising the provision, acquisition and issuance of NCMC cards.

Agency Banking

We connect customers to our partner banks and retailers, creating complementary or alternative digital
distribution channels. Retailers would have access to affordable and efficient digital payment instruments such

as QR payments, banks would leverage on the customer’s agents as alternative distribution channels in remote

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