Bengaluru, July 9, 2024 – AGS Transact Technologies Limited (BSE: 543451 & NSE: AGSTRA), a prominent provider of integrated omni-channel payment solutions in India, has successfully renewed its commercial agreement with a leading private sector bank for managing their ATMs under its Outsourcing Portfolio. This renewal introduces a hybrid fee model, combining transaction-based and fixed fee components, projected to generate approximately INR 30 crore in annual revenue for the company’s Payment Solutions business segment.
This development highlights AGS Transact Technologies’ adaptability in a rapidly evolving market, reinforcing its leadership in the ATM/CRM outsourcing industry. The company remains committed to sustainable growth and value creation for its stakeholders.
As of March 31, 2024, AGS Transact Technologies Limited stands as the second largest Managed Services Provider (MSP) in India, overseeing 38,418 ATMs and CRMs under its outsourcing business portfolio.
