On Track Innovations and its subsidiaries are principally engaged in the field of design and development of cashless payment solutions. Co. operates in two segments: Retail and Mass Transit Ticketing; which includes selling and marketing variety of products for cashless payment solutions for the retail market and mass transit ticketing; and Petroleum, which includes manufacturing and selling of fuel payment and management solutions. In addition, certain products for the medical industry and other secure smart card solutions are classified under Other segment. Co. focuses on providing cashless payment solutions based among other things on its contactless near field communications technology.
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