AGS Transact Technologies IPO: Information analysis

Incorporated in 2002, AGS Transact Technologies provides end-to-end cash and digital payment solutions and technology for the banking, retail, petroleum, e-commerce and fintech sectors in India, Sri Lanka, Singapore, Cambodia, Philippines and Indonesia. As of August 31, 2021, the company operated 14,099 automated teller machines (ATMs) and cash recycler machines (CRMs) under its outsourcing contracts and 19,161 ATMs and CRMs under its managed service contracts. The company operates in three segments: a. Payment solutions: This comprises automated teller machines (ATM) and cash recycler machines (CRM) outsourcing and managed services, cash management services, digital payment services, which include toll and transit solutions, automated fuel payment, transaction switching services, services through point-of-sale (POS) machines and agency banking. This segment contributed 76.8 per cent to FY21 revenue. b. Banking automation solutions: This includes the sale of ATMs and CRMs, currency technology products and self-service terminals and related services and upgrades. This segment contributed 9.1 per cent to FY21 revenue. c. Other automation solutions: It incl