AGS Transact Technologies Limited (AGS), a leading provider of omni-channel payment solutions, has announced a significant milestone in their partnership with State Bank of India (SBI), securing an order for 1,350 ATMs. This strategic collaboration will further expand SBI’s ATM network and enhance accessibility for its vast customer base across India.
“We are thrilled to have been awarded this substantial order from SBI,” said Stanley Johnson, Executive Director of AGS Transact Technologies Limited. “This order will significantly contribute to strengthening our topline for the banking automation solutions segment and reaffirms our leadership position within the industry.”
AGS Transact Technologies will provide comprehensive services for these ATMs, encompassing installation, maintenance, and operation. The company’s expertise in ATM manufacturing and its nationwide service network make it an ideal partner for SBI, ensuring the seamless deployment and reliable operation of these ATMs.
This order comes on the heels of AGS Transact Technologies’ successful integration of 8,000 ATM/CRMs for Punjab National Bank and Union Bank of India. The company currently manages or maintains over 77,658 ATMs/CRMs across 2,200 cities and towns in India.
With a net sales of Rs 272.96 crore in September 2023, AGS Transact Technologies demonstrates its strong financial position and commitment to providing innovative and reliable payment solutions. The company’s partnership with SBI is expected to further strengthen its market presence and contribute to its continued growth and success.
This order marks a significant step forward for AGS Transact Technologies, solidifying its position as a leading provider of ATM solutions in India. The company’s commitment to quality, innovation, and customer service will undoubtedly continue to drive its success in the years to come.