AGS Transact Technologies Limited Wins Order For 8,000+ ATMs/ CRMs In Q3FY23

Thursday, February 9, 2023, Mumbai – AGS Transact Technologies Limited (BSE: 543451 & NSE: AGSTRA), one of many largest built-in omni-channel cost options suppliers in India by way of offering digital and cash-based options to banks and company shoppers, introduced that it has gained orders for 8,000+ ATMs/ CRMs beneath Managed Services portfolio for 2 main banks. These new orders will begin approaching stream from the subsequent quarter onwards.

Commenting on the efficiency Mr. Stanley Johnson, Executive Director, AGS Transact Technologies Limited mentioned, “ATM/CRM Outsourcing is more and more changing into a most well-liked selection for banks within the nation. We (AGSTTL) are one of many main ATM Outsourcing gamers in India and the addition of those 8000+ ATMs/CRMs will additional strengthen our management place within the trade. These are managed companies contracts which embrace ATM administration, upkeep, money administration, and so on. on a pan-India foundation.

Further, these are current ATMs/CRMs that we are going to be taking on, therefore, that is an asset-light growth of our ATM/CRM base. As a consequence, it is going to bolster our efficiency by way of topline in addition to bottomline. It may even contribute to the general income stream of our money administration subsidiary Securevalue India.”

As of December 31, 2022, AGS Transact Technologies Limited has put in, managed, or maintained 73,719 ATMs/CRMs throughout 2200 cities and cities in India.