AGS Transact Technologies has enabled UPI QR-based cash withdrawals on ATMs for a significant public sector bank with network of over 1000 ATMs. This initiative allows customers to withdraw cash using UPI by simply scanning a QR code from their Bank’s app, delivering a faster and card-free Banking experience.
The UPI QR integration enhances user convenience at the Bank’s ATM, and mitigates possibilities of any card-based frauds. This is expected to further boost cash withdrawals at the ATMs deployed across urban and rural regions. Furthermore, this initiative strengthens the company’s commitment to offering seamless, cutting-edge solutions that keep pace with the evolving banking landscape. AGS Transact Technologies earns a fee on every ATM transaction.
AGS Transact Technologies operates its business in Payment Solutions; Banking Automation Solutions; and other Automation Solutions (for customers in the retail, petroleum and colour sectors) segments.
