AGS Transact Technologies Limited, 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, has commenced the deployment of 1,350 ATMs, an order won from the State Bank of India (SBI) in FY24.
The Company is expected to complete the deployment by H1FY25. AGS Transact Technologies had received this order under its Banking Automation Solutions portfolio. It encompasses the sale of banking automation solutions as well as long-term annual maintenance contracts.
The order will contribute towards the strengthening of the top line of this business segment. AGS Transact Technologies had won another order from the SBI for 2500+ ATM/CRMs worth INR 1100crores over a period of seven years, under its ATM Outsourcing portfolio in Payment Solutions Business Segment. As of March 31, 2024, AGS Transact Technologies Limited has installed, managed, or maintained 75,361 ATMs/CRMs across 2200 cities and towns in India.
