AGS Transact Technologies gains on enabling UPI QR-based cash withdrawals on ATMs
AGS Transact Technologies is currently trading at Rs. 89.03, up by 1.42 points or 1.62% from its previous closing of Rs. 87.61 on the BSE.
The scrip opened at Rs. 83.26 and has touched a high and low of Rs. 91.62 and Rs. 83.26 respectively. So far 52611 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 126.70 on 29-Jan-2024 and a 52 week low of Rs. 57.90 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 96.78 and Rs. 83.26 respectively. The current market cap of the company is Rs. 1089.74 crore.
The promoters holding in the company stood at 65.06%, while Institutions and Non-Institutions held 3.77% and 31.17% respectively.
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.