On 19 October, RS2 Software plc issued a press release revealing a new deal which was signed between one of the Company’s existing service providers EDB, a leading Nordic IT provider, and OK-Q8, Sweden’s largest chain of petrol stations.
Through this agreement EDB will take on the responsibility for issuing all cards for OK-Q8 customers, currently estimated at 1.3 million, which can be used in around 900 locations. EDB will be using RS2 Software’s Bankworks platform as the basis for its products and services to OK-Q8. The total contract value between EDB and OK-Q8 is of SEK80 million, equivalent to €8 million.
In respect of this agreement, the role of RS2 Software will be that of customising the Bankworks software for use by OK-Q8.