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AGS Transact Technologies Ltd.



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We are one of India’s leading providers of end-to-end cash and digital payment solutions and automation technology. We provide customised products and services comprising ATM outsourcing services and cash management solutions, as well as digital payment solutions including merchant solutions, transaction processing services and mobile wallets. As of March 31, 2018, we were the second largest company in India in terms of number of ATMs managed, revenue from ATM managed services and number of ATMs provided with cash management services, and the fourth largest company in India in terms of revenue from cash management. 

For the financial year 2018, we derived 97.4% of our revenues from India where our business started, although we have expanded internationally to offer payment and automation solutions to banks and financial institutions in other Asian countries such as Sri Lanka, Singapore, Cambodia, and Philippines.

We commenced operations as a banking automation solutions provider in India in 2004. We deployed products from international solution providers such as Wincor Nixdorf (now known as Diebold Wincor and together with its affiliates, "Diebold Nixdorf") and established our own country-wide service infrastructure and automation solutions expertise to provide related services. Beginning 2009, we leveraged our banking automation solutions expertise and service reach to offer ATM outsourcing and managed services by, among other things, entering into a cooperation agreement with Diebold Nixdorf for banking and retail products. As part of our strategy to strengthen our presence in the cash value chain, offer an integrated payments platform and improve our operational efficiencies, we commenced offering transaction switching services in 2011 and cash management services in 2012. In 2014, we expanded our offerings into digital payment solutions, enhancing our integrated digital platform and Software-as-a-Service ("SaaS") capabilities. We also entered into an alliance with ACI Worldwide ("ACI"), a leading international payments solution provider, in 2016, which has further strengthened our value proposition to customers.

We operate our business in the following segments:

  • Payment Solutions;
  • Banking Automation Solutions; and
  • Other Automation Solutions (for customers in the retail, petroleum and colour sectors).