Mumbai, July 29, 2024 – AGS Transact Technologies Limited (BSE: 543451 & NSE: AGSTRA), one of the leading providers of integrated omni-channel payment solutions in India, in terms of providing digital and cash-based solutions to banks and corporate clients, today announced a significant upgrade to its Data Centre in Navi Mumbai. This strategic enhancement is a key component of the company’s state-of-the-art payments-tech infrastructure which is designed to help company drive superior operational efficiency across both cash and digital payments business segments.
AGS Transact Technologies’ upgraded Data Centre offers a world class infrastructure, distinguishing the company in Indian payments market. It features best-in-class managed services for digital payments and fraud prevention, and a scalable infrastructure that supports the company’s expanding ATM and Digital business.
The Data Centre is equipped to handle nearly three times (3X) the capacity of recent and upcoming key contracts. The services offered by AGS Transact through its current processing unit include omni-channels like ATM, POS, Internet, Kiosk, IVR and more. Furthermore, it is Form Factor agnostic, covering Cardless, Contactless, Chip-based, NCMC, Wallet, QR, Magstripe and other transaction processing services. The current Data Centre infrastructure supports products from MasterCard, Rupay, VISA, American Express, Discover, JCB amongst others and is being used by over 50 banks in the country, processing over 1 billion transactions yearly from 250K different channels.
AGS Transact Technologies’ Transaction Processing Centre which includes the Data centre is spread across six floors with a work-force capacity of 650 personnel. It offers round-the-clock transaction processing and monitoring services providing global best managed services functionalities at minimal Capex investment to the customers.
This enables the company to provide customised solutions/services across Retail, Transit, Fuel, Banking and other sectors seeking payment expertise. AGS Transact Technologies’ Data centre is compliant with the RBI, PCI and Network guidelines, and follows industry-best best practices ensuring secure, personalised and seamless services. AGS Transact Technologies Limited processed 625 million switching transactions in FY24. As of June 30, 2024, the company has a total installed base of 73,034 ATMs/CRMs and 248,834 payment terminals deployed across India.
About AGS Transact Technologies Limited (AGSTTL)
Established in 2002, AGS Transact Technologies Limited (BSE: 543451| NSE: AGSTRA) is one of the largest integrated omni-channel payment solutions providers in India in terms of providing digital and cash-based solutions to banks and corporate clients. AGS Transact provides customised products and services comprising ATM and CRM outsourcing, cash management and digital payment solutions including merchant solutions, transaction processing services and mobile wallets. The company operates in three broad business segments, namely, Payment Solutions; Banking Automation Solutions; and Other Automation Solutions.
Ongo is a fast-growing omnichannel digital payment platform by AGS Transact Technologies, which offers convenient payment solutions. Launched in 2015, Ongo offers merchant Acquiring and Prepaid Issuance services. Furthermore, Ongo is a non-bank prepaid payment instrument and offers dedicated open-loop Prepaid solutions for consumers in segments.
AGS Transact Technologies serves diverse industries such as banking, retail, petroleum, toll and transit, cash management and fintech in India and other select countries in Asia. As of March 31, 2024, the company has deployed 248,585 payment terminals and was one of the largest deployers of PoSterminals at petroleum retail outlets in India, having rolled out 41,756 terminals at various petroleum retail outlets.
For more information, please visit www.agsindia.com
Safe Harbour Statement:
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily Predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
