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MC Exclusive | Empty ATMs, statutory defaults, and deep rating downgrades: AGS Transact faces a crisis

Some banks serviced by AGS Transact have informed the regulator about the increasing cases of ATMs not being refilled and have held back their payments to the company. Crisil and India Ratings have downgraded the company’s debt to default status. Its GST registration also stands cancelled; virtually, AGS Transact is out of business.
AGS transact technologies: From dispensing paints to money

AGS Transact Technologies (AGSTT), the brainchild of Ravi Goyal, is the leading provider of touch point technology solutions to the banking industry.

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Ravi Goyal

MC Exclusive | Empty ATMs, statutory defaults, and deep rating downgrades: AGS Transact faces a crisis

AGS transact technologies: From dispensing paints to money