AGS: Defining the ATM industry
Ever wondered how life without ATM’s would be? The recent demonetization gave us a glimpse of that situation and it wasn’t pleasant. ATM’s have become a part of our daily lives and most of us are dependent on it than we care to admit.
But not many of us realize that the convenience of having a ‘mini bank’ at every nook and corner has been vastly possible because of companies that brought the technology and product to India. These companies further pass it on to banks,who make it accessible for consumers like us.
AGS is one such company that has been transforming the ATM industry in India under the leadership of Mr. Ravi Goyal, who seized the opportunity two decades ago bypartnering with the German company Wincor.
In a country that vastly transacts in cash, AGS plays a critical role by supplying and deploying machines for almost all the leading banks. Reaching the length and breadth of the country, it has installed over 60,000 machines and does cash management and maintenance for over 25,000 machines, including the world’s highest ATM counter at Nathula pass (which it ensures can run even at subzero temperatures).
ATMs today aren’t mere cash dispensers. They have been customized to offer a range of services like paying utility bills, start investments, apply for loans etc., and banks are more than happy to discharge these services through the machines.
But AGS isn’t stopping at that. Known for introducing disruptive technology, it is pioneering a change in the fintech space by bringing integrated banking technologies and products under one roof. It is the only player in the market that acts as a one-stop-shop platform for ATM management, cash flows, PoS transaction and mobile banking. By being an end-to-end payments specialist, it helps banks lower their transactions costs, while offering seamless transacting for the end consumer. The recent tie up with ACI will further improve security features and enhance payments, fraud and transaction management. A futuristic and visionary company, it also plans on introducing features like biometric identification, braille keypad and video calling in the ATM machines.
Truly, a company that’s defining the ATM industry and in many ways, our lives. http://www.agsindia.com/ http://www.indiatransact.com/