To be Africa’s premier provider of fuel card technology and services.
Processing Services Ltd. is a specialist provider of fuel card technology and services dedicated to the African markets. The company was established in May 2014 as a result of the acquisition of our predecessor NCT Software LLC (NCT) by Fleetcor (NYSE: FLT).
Our predecessor started marketing the Petrol PlusTM Fuel Card and Loyalty Solution in Africa in 2008 and acquired several high-profile customers. Africa was not of strategic interest to Fleetcor and so management of NCT’s International Trading division seized the opportunity to create a business dedicated to the African market.
Processing Services Ltd. is licensed to develop, market, support and use Petrol PlusTM outside of Eastern Europe. It currently has +40 customers, including national oil companies, multi-nationals and independent fuel retailers, in +25 African countries.
The Processing Services Ltd. team currently consists of 42 individuals in 18 countries.
Executive leadership is provided by Mike Wilson and Leonid Agaletskiy. Mike is responsible for commercial and operational functions, and operates from our office in Cape Town, South Africa. Leonid is responsible for Technology Development and Technical Support, and operates from our office in Moscow, Russia.
Yuri Vasin, the founder of NCT Software LLC and original developer of Petrol PlusTM, continues to provide strategic guidance to the Processing Services Ltd. executive team and Board of Directors.