Cassette Swapping in ATMs: Enhancing Efficiency and Security
AGS India Blog » Digital/Fintech
by admin
2w ago
In modern day banking, ATMs have proven to be essential for overall convenience,enabling customers to access their funds and perform transactions around the clock. This means enhanced focus on its safety and allied services such as the cash management. Initiatives such as cassette swapping by companies like Securevalue India, a wholly owned cash management subsidiary of AGS Transact Technologies Ltd, is expected to boost the efficiency and security of cash management process for its esteemed clientele such as Banks, Financial Institutions, and large retailers. Understanding Cassette Swapping ..read more
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Advantages of Digital Payments – a boon for new age businesses
AGS India Blog » Digital/Fintech
by admin
3M ago
In today’s rapidly evolving business landscape, embracing digital payments, has become more than just a trend; it’s a necessity for the success of new-age businesses. From cost savings to enhanced efficiency, the advantages are compelling, making digital payments a boon for entrepreneurs navigating the complexities of the modern market. Cost Saving with Digital Payments One of the most significant benefits of adopting digital payments is the potential for substantial cost savings. Traditional payment methods, such as cash transactions or checks, often come with hidden expenses. With the rise o ..read more
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Benefits of Automation of Banking Services
AGS India Blog » Digital/Fintech
by admin
6M ago
The automation of banking services brings about transformative benefits for both banks and their customers. Leading banks understand the importance of outsourcing various banking services such as the ATM installation and/or ATM management including cash management to industry experts such as AGS Transact Technologies Limited. AGS Transact offers cash & digital payment solutions to banks, corporates (including retail) & fintech across sectors. With operations panning 2200 cities & towns, its services entail payment solutions including Digital payments, ATM outsourcing, Cash manageme ..read more
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Convenience in Mobility Payments
AGS India Blog » Digital/Fintech
by admin
9M ago
The Indian payment ecosystem has evolved significantly over the last few years, especially post demonetisation and the pandemic. Consumers today prefer making digital payments across all touchpoints such as payment counters The Indian payment ecosystem has evolved significantly over the last few years, especially post demonetisation and the pandemic. Consumers today prefer making digital payments across all touchpoints such as payment counters at retail outlets, petrol pumps, transit modes, e-commerce websites, Kiosks etc. While digital payments are prevalent in almost every sector, a new w ..read more
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5 trends that will shape the Indian Payment Industry in 2023
AGS India Blog » Digital/Fintech
by admin
9M ago
The year 2022 has been a stellar one for the Indian payment landscape – with reports stating that, during Jul-Sept, a total of 20.57 billion transactions amounting to INR 36.08 trillion were processed by means of payment options such as The year 2022 has been a stellar one for the Indian payment landscape – with reports stating that, during Jul-Sept, a total of 20.57 billion transactions amounting to INR 36.08 trillion were processed by means of payment options such as debit and credit cards, mobile wallets and prepaid cards, and UPI. According to the data released for December 2022 by the ..read more
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Prepaid Cards – Empowering Secure Transactions in India’s Digital Payment Landscape
AGS India Blog » Digital/Fintech
by admin
9M ago
India’s journey towards becoming a USD 5 trillion economy requires a robust and secure payments ecosystem. The rise of digital payments has been remarkable, over 100x in the last 9 years from 127 crore in 2013-14 to 12,735 crore in 2022-23. However, digital fraud has also surged, with 6,659 frauds amounting to Rs 276 crore reported in FY23, necessitating more secure payment solutions. Prepaid cards offer a promising solution to address these challenges. India saw a surge in the number of open-loop prepaid cards from approximately 33.3 crore in FY17 to around 127.69 crore in FY22.  Further ..read more
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ATMs & CRMs – Unveiling Their Benefits in India’s Evolving Payment Landscape
AGS India Blog » Digital/Fintech
by admin
9M ago
The Indian economy has witnessed a remarkable blend of cash and digital payments. While digital transactions have gained traction, cash remains a vital mode of payment, offering reliability and convenience. Automated Teller Machines (ATMs) have emerged as pioneering fintech marvels, enhancing accessibility to cash in both rural and urban areas. ATMs played a crucial role in promoting financial inclusion before the advent of digital payments and continue to play an important role today.  The Rise of Digital Payments and Coexistence with Cash: Digital payments in India have experienced ..read more
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How to safeguard yourself against UPI frauds?
AGS India Blog » Digital/Fintech
by admin
9M ago
The Unified Payment Interface or UPI has gained immense popularity in the last few years – fast-tracked due to Demonetization and the Covid-19 pandemic. The Unified Payment Interface or UPI has gained immense popularity in the last few years – fast-tracked due to Demonetization and the Covid-19 pandemic. With the Government of India’s push for digitalisation and customers’ growing preference for contactless payments, UPI has been on a stupendous growth trajectory. According to the data released by National Payments Corporation of India (NPCI), peer-to-merchant (P2M) UPI transactions recorde ..read more
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How prepaid cards are reshaping gifting in India?
AGS India Blog » Digital/Fintech
by admin
9M ago
The Indian prepaid card market is on a remarkable growth trajectory. According to an industry study, the Indian prepaid card market is expected to grow at a CAGR of 40.5 percent between 2021- 2026. The Indian prepaid card market is on a remarkable growth trajectory. According to an industry study, the Indian prepaid card market is expected to grow at a CAGR of 40.5 percent between 2021- 2026. This is most likely because of the increased rate of internet and smartphone penetration and tremendous growth in the e-commerce segment. Interestingly, prepaid cards are most often used for onlin ..read more
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If Cash is King, Gift Card is the Queen of Hearts this season.
AGS India Blog » Digital/Fintech
by admin
9M ago
Gifting has always been integral to any Indian festival or occasion. A gift is supposed to speak volumes of the bond you share with the recipient – hence the act of gifting is cherished and regarded very highly. Gifting has always been integral to any Indian festival or occasion. A gift is supposed to speak volumes of the bond you share with the recipient – hence the act of gifting is cherished and regarded very highly. For the longest time, cash has been the preferred choice for gifting. However, since the rise of digital payments and its increased adoption owing to the convenience it offe ..read more
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