BANK

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VOLUME IV

T T L

CollaborationIs The Key

BANKINGFINTECH

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IN THE SPOTLIGHT:AGSTTL HAS BEEN AWARDED AS

INDIA'S MOST TRUSTED PAYMENTSOLUTIONS COMPANY

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0506070812151620

TRANSACTIONSARE EVERYWHERESO ARE WE

TRANSACTIONSARE EVERYWHERESO ARE WE

We at AGS Transact Technologies Limited blend the latest in technology with our expertise to provide you with the most secured and integrated set of payment solutions.

Our services not only help you grow, but also give wings to the nation’s burgeoning economy. It is our focus on innovation and our pan-India network that helps us stay ahead of the curve.

ATM & Banking Solutions | Transit Solutions | Retail Solutions | Fuel PaymentsTransaction Processing | Cash-In-Transit Services | International Services

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TABLE OF

Foreword

Company Updates

AGS Transact Technologies Limited (AGSTTL) In Media

Cover Story: BANKING & FINTECH: Collaboration Is The Key

Special Feature: Ongo Empowers MSMEs In India

FinTech & Banking: Shaping The Future

AGSTTL At Events

Applause All The Way

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CONTENTS

TRANSACTIONSARE EVERYWHERESO ARE WE

TRANSACTIONSARE EVERYWHERESO ARE WE

We at AGS Transact Technologies Limited blend the latest in technology with our expertise to provide you with the most secured and integrated set of payment solutions.

Our services not only help you grow, but also give wings to the nation’s burgeoning economy. It is our focus on innovation and our pan-India network that helps us stay ahead of the curve.

ATM & Banking Solutions | Transit Solutions | Retail Solutions | Fuel PaymentsTransaction Processing | Cash-In-Transit Services | International Services

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Enables detection of counterfeit notes by checking the presence of fluo fibre, infrared ink, ‘Micro perforation’ mark, intaglio printing and its magnetic features.

Genuine Trace

Genuine Cashsort2

Designed specifically to meet the demand of ‘fitness sorting’ across the bank branches, this note sorter aims to enhance productivity.

Genuine Cashsort3

A co m p a c t n o t e s o r t e r, i t c a n authenticate worn-out and poor quality banknotes and classifies the banknotes all in a single pass.

Genuine Laurel K3, K4 & K8

A part of Genuine series, these are high performance bulk note-sorters processing banknotes at a speed of 900 notes/min. Equipped with enhanced counterfeit detection, our solutions will improve efficiency and productivity in Cash-in-Transit (CIT) companies and banks.

Genuine Laurel K3, K4 & K8 are uniquely designed compact machines that enhances user friendliness by minimizing user’s burden regardless of whether he/she is seated or standing. All the pockets including the Hopper are within easy reach, making it easy for setting Banknotes. Further, its large and clear LCD screen enables user to verify each operation and observe detailed information.

For More Details : Contact : Suyash BhattMobile : +91 9820211234E-mail : suyash.bhatt@agsindia.com

BEST-IN-CLASSCURRENCY AUTOMATION SOLUTIONSCurrency Counting and Sorting | Counterfeit Note Detection | Cost Effective Currency Management Solutions for Banks, Retail entities, Commercial and Charitable Institutions

Currency Technology Series

Ravi B GoyalChairman & Managing Director,

AGS Transact Technologies Limited

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Ravi B GoyalChairman & Managing Director,

AGS Transact Technologies Limited

Dear colleagues,

We are a progressive society and the digital age we operate in today is heralding many opportunities for the FinTech companies to play a significant role in shaping the economy of the country through the development of innovative and customer-friendly banking solutions. In such a scenario, I feel positive to introduce the theme of this issue i.e ‘Paradigm Shift – Banking and FinTech’. This is not just a theme but a huge phenomenon that is taking place in our economy at present and has found a boost as the market is recuperating fast from the demonetisation gloom.

How banks & FinTech companies can coexist to make the payment system convenient for the customers is a question that finds answer in multiple areas. The technology in the banking sector such as ATMs and other forms of digital manifestations have resulted in prompt solution to various mundane tasks like cash withdrawal, deposits and making transactions etc. Here, it would be interesting to appreciate the fact that the ATMs are no longer seen simply as Automated Teller Machines that dispense cash on request but have groomed up to cater to much wider aspects of routine customer operations. Even now, this 50-years old technology is being revamped to fit the bill for many tasks that were time-consuming earlier.

On the other hand, the FinTech giants as well as the start-ups are paving way for much more convenient, reliable and safe operations through solutions like dedicated apps designed for bulk customers who have different payment needs to be met on an urgent notice. These new bank partners function in diversified ways like some choose

to be present right from the basic stage of a supply chain whereas there are others who prefer to make their presence felt at the final stages in the market only.

With a strong physical structure in place, though with great scope for meaningful additions and a gradual paradigm shift in observing the stronger need for time-saving and safe-payment solutions in easy-to-use technical ways is what makes us even more relevant today.

There is no doubt that the Indian economy is witnessing an upward escalation in the growth curve in this ‘less cash’ phase due to the simple reasons: its resilience and adaptability towards the modern technology in its unique manner. In such times, the close association of the banks and the FinTech companies taking fresh avatars to meet the need of the hour in the form of payment banks and other useful machinery in place is facilitating even the rural India.

Many government schemes to promote digitalisation and to digitise the core operations in the banking industry has lead to the coming up of single platform mediums like UPI and payment apps such as BHIM, which is certainly a good news for us. AGSTTL is marching ahead with all the tools and the techniques that have always been designed keeping its convenient practicability for the end-user in mind. India is an active participant in the digital age and I firmly believe that AGSTTL is sure to experience a long happening time filled with continuous futuristic activities.

FOREWORD

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2. Future Group places an order of 4000 Point of Sale (POS) machinesAGS Transact Technologies recently received an order of 4000 Point of Sale (POS) machines. Future Retail, India’s leading retailer that operates multiple retail formats in both value and lifestyle segment of Indian consumer market, will deploy these machines pan India.

3. Delhi-NCR’s largest cow-shelter

orders 5000 Ongo Pre-paid cardsOngo, India’s leading alternate transactions ecosystem

recently partnered with the largest cow shelter in Delhi-NCR, Shri Krishna Gaushala to embrace digital modes of payments.

Under this partnership, Ongo has provided the shelter with POS terminals to facilitate transactions through prepaid

cards called “Gau Chikitsa Seva”. In the coming months, the partnership will also see the launch of “Gau Ras Seva” prepaid

cards which can be used for purchase of dairy products.

1. AGS Transact Technologies Limited implements

end-to-end AFC system for Kochi MetroKochi Metro, one of the Government’s most ambitious projects,

was inaugurated in June 2017. AGSTTL is responsible for the end-to-end management of Automatic Fare Collection (AFC)

System including Supply, Installation & Maintenance. This ticketing system uses a combination of Open Loop Smart

Cards, Radio Frequency Identification Devices (RFID) and Quick Response (QR) Codes to collect fares from the commuters.

Company Updates

4. IDBI Bank places an orderof 400+ Cash DispensersAGS Transact Technologies Limited recently received an order from IDBI Bank to deploy more than 400 cash dispensing machines across the country. Instated with intelligent safety features, this compact & robust machine has a flexible architecture and a user-friendly interface making it one of the most fast-selling systems at AGSTTL.

7AGSTTL News 7

The biggest advantage for banks is that now they will be able to claim input tax credit on GST which will improve their cash flows & help in their business.”- Ravi B Goyal, CMD | Economic Times | July 3, 2017

“

Our surveillance of employees is more intrusive than what other companies normally practise because the risks are higher here.”- Mahesh Patel, President & CTO | The Times of India | July 15, 2017

“There is no perfect balancing between the cash deployed & the cash withdrawn at these recyclers. Hence, even with recyclers the cash in transit companies will be needed.”- Ravi B Goyal, CMD | Economic Times | August 16, 2017

Ongo, India’s leading alternate transactions ecosystem recently partnered with the largest cow shelter in Delhi-NCR, Shri Krishna Gaushala to embrace digital modes of payments. Under this partnership, Ongo has provided the shelter with POS terminals to facilitate transactions through Ongo

prepaid cards called “Gau Chikitsa Seva.” - Dainik Savera | August 4, 2017

“This (RBI Guidelines for cyber security) is a big step. As the onus was on the customer, the cost of a good fraud monitoring system was more than the cost of actual fraud for banks. As a result of this, barring the top few banks, the rest refrained from investing in fraud monitoring systems”- Mahesh Patel, President & Group CTO | Business Today | August 11, 2017

“In a country like India, where cash and digital payments will continue to coexist, we believe that apart from recyclers, cash-in-transit companies powering ATMs will create a holistic transaction ecosystem. While cost of cash recyclers is higher than that of regular ATMs, they need to be seen as long-term investments that will benefit both the banks and service providers, especially in the ‘less-cash’ areas.”- Ravi B Goyal, CMD | Mint – Expert Speak | August 21, 2017

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inAGSTTL MEDIA

“As an industry, we are planning to reach out to the government to bring ATMs on par with other payment terminals as otherwise there will be a general 7-8% increase on the cost of terminals,”- Ravi Goyal, CMD | Money Control | July 3, 2017

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BANKING & FINTECH:Collaboration Is The Key

This fast paced world presents a

wonderful blend of opportunities

and challenges in various sectors of

the less-cash economy that must be

deciphered in just the apt tone. It is

true even for the FinTech sector. Since

last decade, the term ‘FinTech’ has

evolved highly from being a buzzword

to an organised sector characterised

by hyper growth. Particularly, after

demonetisation, FinTech sector

received a major boost as there was

a push from the Government to fast-

track the adoption of digital payments.

This led Banks to increasingly feel the

need to join hands with the FinTech

firms in order to survive. As a result,

today, FinTech is not considered to

be a replacement for traditional

banking service, rather the two are

seen peacefully partnering for better

customer satisfaction.

COVER STORY

COVER STORY

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FinTech and Banking: A fruitful partnershipAlthough, we are moving towards complete digitisation, yet the journey is long. At a time, when complete digitisation is still to take place and there is an existing reliance of Indian economy on cash, the need of the hour is that both banks and FinTech firms should leverage each other’s expertise for fruitful co-existence & AGSTTL in the FinTech space is seen serving the banking sector since a long time. Pioneering the changes in financial technology space, our three major lines of business include Banking Automation Solutions, Banking Payment Solutions & Automation Solutions for Transit, Retail, Colour and Petroleum sectors.

Mahesh Patel, Group CTO & President, AGS Transact Technologies, says, “AGSTTL has truly revolutionized the value chain of ATM services in the country & is managing 60,000+ ATMs as of now.”

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in Banking, Retail, Petroleum and Transit space is what keeps AGSTTL on its toes to come up with innovative technological solutions. Further, we ensure to stay ahead of the curve by introducing global best practices and the most advanced Fraud prevention solutions on our network.”

In future, banks can further benefit from the Futuristic payment solutions offered by AGSTTL in multiple ways.

Mahesh Patel,President & Group CTO, AGSTTL

“Solutions from AGSTTL can lead to cost reduction in short term, help banks acquire new customers and allow them to focus on soft selling by understanding customer behavior in the medium term and increase the digital footprints of the banks in long term.”

AGSTTL aims to provide innovative solutions for a wider range of indispensable banking operations that have a considerable effect on the happiness index of the end-users, who may be from any class, say merchants (both

their ATMs. The list of activities performed by AGSTTL includes identifying the site, building infrastructure there, installing the ATM, collecting cash from the bank, replenishing the ATM & monitoring the ATMs daily so that they are up and running always and also managing any incident.”

Further, the state of the art Innovation Centre of AGSTTL, showcases futuristic concepts of ATMs that are also capable of rendering essential formalities such as KYC (Know Your Customer) requiring form completion or updating the passbook to mention a few.

Raj Narayan, Head-Sales, Banking & Transit AGSTTL

“The sole aim, to ensure customer convenience and satisfaction when they switch to the digital platforms for making hassle-free & secure transactions

Today, AGSTTL is committed to constantly innovate and add intelligent features to the ATMs which are no longer merely the cash dispensing machines. From paying off your electricity or gas bills to dispensing gold coins while displaying current market prices & many more functions, new-age intelligent ATMs are being designed to do it all.

e-commerce and brick and mortar), buyers, retailers or end-consumers.

Sunil Khosla, Sr. VP Sales and Marketing, ITSL, a wholly owned subsidiary of AGSTTL

“The company is increasingly giving way to a digital revolution by offering a host of solutions under the brand name ONGO.This includes POS, Cash@POS, Payment Gateway, QR codebased solutions etc., thereby impacting the Banking, e-commerce and organised retail sector to a very large extent.”

The company ventured into the transit business in 2016 to foster Smart Travel. Through its smart ticketing and transacting solutions, the company facilitates instant transactions and reduces strain on manual ticketing.

COVER STORY

Stanley Johnson, President - Outsourcing,AGSTTL

“Realising the fact that managing ATMs is a cumbersome task and time-consuming, Banks have begun to opt for an Outsource model based on Opex model, wherein Managed service providers are tasked with managing the ATMs from end-to-end. This happened for the first time in 2001 and then there was no looking back since then. Today, AGSTTL is trusted by most of the banks in the country to look after

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George Trelawney, President- Delivery, AGSTTL

“As a competitive FinTech firm we have been successfully engaged in designing innovative solutions for the Indian commuters who struggle hard for daily commuting related activities such as the fare payment. AFC (Automatic Fare Collection) or ETC (Electronic Toll Collection) with RFID and QR codes arrangement is a novel concept as far as Indian Transit sector is concerned. Recently, the Kochi metro was equipped with the time-saving (AFC) Automatic Fare Collection mechanism, implemented and

COVER STORY

managed by AGSTTL for a hassle-free and more joyous ride for the mass commuters who used to feel exhausted after standing in long queues for ticket collection.”

The other complex sectors such as Retail and Petroleum in India are also being well-facilitated by reliable FinTech solutions from AGSTTL.

Surya Singh, Head-Retail, AGSTTL

“As merchants that sell goods, retailers care about accepting payments efficiently and effectively. As corporates, they also have various other needs, from physical cash management to borrowing money and paying suppliers. Retailers traditionally have relied on banks to provide many of those services. Not surprisingly, retailers are increasingly susceptible to alternative solutions offered by technology firms”

AGSTTL’s State-of-the-art

payment systems & services such as iCD or intelligent Cash Deposit Machine, Digital Signages, POS terminals, value added services like loyalty programmes etc. aim to streamline the complex retail environment in India, ensuring consistent footfall and value creation for an enhanced performance of the retail company.

“FinTech is riding the waves of disruption with solutions that can better address customer needs by offering enhanced accessibility, convenience and tailored products. In this context, the pursuit of customer centricity has become a main priority and it will help to meet the needs of digital native clientele. It’s safe to say that the most important impact FinTech will have on this segment is an increased focus on the customer,” Surya added.

Satish Zope, President-Petroleum, AGSTTL

“The FinTech impact on various industries has been significant & Petroleum industry

has not been left untouched either. While automation of petrol pump began several years back, the collaboration of Banking & Fintech will prove to be a boon for the overall petroleum industry in years to come. AGSTTL’s FASTLANE is India’s first contactless fuel management and payment solution which aims to transform the way fueling is being done in the country, making it smarter and faster.”

In a nutshell Acknowledging the fast paced growth of digital development in India, banks have already realized the need to embrace openness to innovation & collaboration. They are creating new structures to adapt and collaborate to meet new age challenges. Whether it is creating their own FinTech projects, investing in external FinTech firms or partnering with new FinTech firms, banking industry is transforming and FinTech firms have rallied to support them.

This unique collaboration of Banking and the FinTech world will open doors for newer avenues and AGSTTL will con-tinue to innovate to facilitate a seamless integration of both the worlds.

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In a

short span of

one year, Ongo’s

Prepaid Card enabled

Loyalty Program has

created a niche in metros,

non-metro cities & towns.

While it facilitates capital

rotation within MSMEs,

its detailed reports allow

the merchants to analyse

customer’s purchase

behaviour & leverage the

data to plan future

marketing initiatives

accordingly.

ONGO Prepaid Card Enabled Loyalty Program: Empowering MSMEs In IndiaIn this fast paced world today, customer retention is a key challenge faced by most businesses. While the larger enterprises are equipped with resources allowing them to invest in technology and necessary infrastructure required to run loyalty programs, Micro, Small and Medium Enterprises (MSMEs) do not have the luxury to invest in such solutions and thus, lose out on most of their customers.

Further, in today’s competitive scenario, loyalty programs are extensively explored by the present day customers who are always looking at gaining more value from any business that they are dealing with. India Transact Services Limited (ITSL), an Omni-channel merchant digital payment solutions provider & a subsidiary of AGSTTL, recently introduced a unique ONGO Prepaid Card enabled Loyalty program that empowers MSMEs to run their own loyalty programs. This well designed loyalty program is offered as both a value-added service & exclusively to merchants. This offering has been well accepted by the customers as it helps enhance their end-consumer experience thus leading to increase in retention and business profit.

The unique features of Ongo Prepaid card enabled Loyalty Program are:

Flexibility:Ongo Prepaid Card allows merchants to design their own Loyalty programs in the form of discounts/cashback or reward points.

Customisation:Ongo Prepaid Cards can be co-branded and designed as per the merchants’ requirements.

Simplicity:These loyalty programs are easy to understand and execute irrespective of the size of merchant’s business.

SPECIAL FEATURE

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In a

short span of

one year, Ongo’s

Prepaid Card enabled

Loyalty Program has

created a niche in metros,

non-metro cities & towns.

While it facilitates capital

rotation within MSMEs,

its detailed reports allow

the merchants to analyse

customer’s purchase

behaviour & leverage the

data to plan future

marketing initiatives

accordingly.

The success stories

We wanted to increase customer footfall & ensure customer retention at our store. We have been using ONGO Prepaid Cards for the past weeks & have already begun to see the change in consumer behaviour. With loyalty programs we are able to provide a better shopping experience to our customers, both existing and new ones through various schemes & offers. It also helped us retain our customers thus registering an increase in the revenue at the store considerably.” - Patanjali Mega Mart, Delhi-NCR

We wanted to encourage cashless and paperless payments for the donations received for the welfare of cows, to streamline payment process. Hence, we partnered with Ongo for 5000 ONGO prepaid cards under the brand name ‘Gau Chikitsa Seva’ cards. The company has also provided 5 POS terminals equipping us with the facility to accept payments via digital modes of transactions in addition to cash.” – Shri Krishna Gaushala in Delhi-NCR

Increased competition in our vicinity had impacted the regular footfall resulting in a dip in the revenue. So, we were looking for a low cost loyalty solution that would help us differentiate from other supermarkets and at the same time add more value to the consumer’s shopping experience. We opted for Ongo Prepaid Cards which helped us modernise our business, increase our brand awareness and resulted in customer retention. Through these prepaid cards, we were able to offer the customers cashback schemes and this led to increase in the customer base.”- Purushottam Super Bazaar, Nagpur

SPECIAL FEATURE

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SELFIE PAYQR CODE WHATSAPP PAY ARTIFICIAL INTELLIGENCE

As a child when I was growing up, accompanying my mother to the bank was the most painful experience. It was not only about the entire process of waiting in queue for hours but also the fact that the ambience was so non-energetic that it seemed like someone has sucked the life out of it. Compared to that the banking experience today is a real delight. One of the main reasons is that we don’t have to visit the banks every time. And this is because we are going through the biggest transformation in the financial space of our time.

The question to ponder upon is why has FinTech become such an integral part of our lives all of a sudden. Well to be honest, it is not a sudden phenomenon. After the 2008 crises, people (at least outside India) started losing faith in the banking system and while the banks were busy trying to rebuild themselves they ignored the fact how the world around them has changed. People were having a good experience due to disruption in traditional business, thanks to Technology. Apple was redefining the world of computers; Airbnb made life simpler for travellers which shook up the whole hotel industry; WhatsApp revolutionised the way we exchanged messages & communicated via phones and Uber made door-step cab facility possible for consumers. And because of the enhanced experience in day to day banking, people started seeing huge gaps, which the FinTech world is bridging right now.

Back to our home scenario, while RBI is trying its best to regulate the bourgeoning FinTech market, it is only a matter of time when evolution will be inevitable.

Companies like Facebook are experimenting with the money transfer. Amazon is offering student loans as a part of their future expansion plan. Closer to home, Ant financial, Alibaba’s financial arm, has become world’s third-largest money market fund. In China, wechat has become the most common platform to transfer money. Approximately 46 billion electronic red packets (digital version of traditional envelopes stuffed with cash) were processed during the last Chinese New Year. This same wechat platform is being used for buying insurance products, for fixing appointments with doctors, booking a cab, donate to charity or even buy a plane ticket. While these are global examples, it won’t take much time for India to catch up with them, thanks to demonetisation. Just think about it, we (Indians) are ok buying clothes, shoes, groceries etc. on Amazon.in, then why wouldn’t we use the same platform for buying financial products.

P2P lending is gaining a strong foothold in the Indian market and

very soon we will see government firms investing in them. In 2012, the UK government invested £20 million into British businesses via P2P lenders. The second investment of £40 million was announced in 2014 and £85 million in 2016.The intention was to bypass the high street banks, which were reluctant to lend to smaller companies.

In the future, the financial platforms will not be limited to traditional banks. Kids born today will be far more comfortable with social media & technology, & they will also have a certain amount of trust and confidence in them. When a modern day banking / financial solution will be offered by the social media & technology platforms, kids will lap it up easily. And somewhere the banks are aware of this phase which is going to arrive soon.

FinTech is and will continue to connect our life with everyday banking. Artificial intelligence (AI) will be used to offer asset management solutions, which will be more transparent and cheaper. AI-powered chat box that mimics human conversation are already being tested to replace call centres. Biometric data is being tested to replace not only the passwords but to connect to IOT (Internet of Things). Some FinTech players are already looking at providing financial services to the

millennial in form of gamification. One may be forced to think that this will put human resource out of work in coming time, but a careful conclusion could lead to harnessing human resource more judicially for a higher productivity.

Having said this, Banks have realized that the landscape is changing fast and to survive they need to evolve and partner with the FinTech to have a larger share of the pie. In the process, some banks, which are quick to adapt will succeed and connect with the generation that is demanding so much from them.

Banks are actually a very powerful entity. For an economy like ours, physical presence of an entity plays a crucial role when it comes to money. Infrastructural & technological challenges in many parts of our country make penetration of FinTech players difficult. Therefore, Banks have to work in harmony with the government as well as the fast paced FinTech community to form new policies & leverage each other’s expertise to shape this new ecosystem & ensure that we all adapt to this new reality successfully.

The bankers of the future will be very different people. They will be programmers, designers, and creative thinkers. They will have a whole new personality and way of dealing & working.

BEYOND BUSINESS

FinTech & Banking: Shaping The Future

“Just think about it, we (Indians) are

ok buying clothes, shoes, groceries

etc. on Amazon.in, then why wouldn’t

we use the same platform for buying

financial products.

- Vincent Panangadon, General Manager, Marketing, AGSTTL

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Frontiers Cooperative Banking Awards & The National Cooperative Banking Summit 2017AGS Transact Technologies Limited (AGSTTL) successfully showcased its Best-in-Class payment solutions at one of the country’s prestigious BFSI summit, FCBA & NCBS 2017 on 7th & 8th Sep 2017 in Jaipur.

A nine member strong team of AGSTTL and its subsidiary India Transact Services Limited (ITSL) was present at the event, explaining the benefits of its state-of-the art products showcased at the 11th edition of this summit. These included AGSTTL’s variants of note sorters like Genuine Trace & Cashsort 2 as well as non-cash payment solutions by ITSL like POS and Pre-paid cards.

The summit was a grand success with participation from over 130 banks & 600 delegates. AGSTTL’s stall received an impressive footfall from more than 80+ leading banks in the country.

1: Delegates from Co-op banks visiting AGSTTL’s stall

2: Delegates and participants attending the Summit

3: AGSTTL representative explaining the visitor about the host of end-to-end payment solutions offered by AGSTTL in India

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AGSTTL AT EVENTS

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4, 5 & 6: AGSTTL representatives giving a demo of Best-in-Class payment solutions showcased at the exhibition

7 & 8: AGSTTL representatives in deep conversation with the delegates from leading Banks

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6

8

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AGSTTL AT EVENTS

OUR OFFERINGS

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Mr. Trivendra Singh - trivendra.singh@agsindia.com +91 8108 2005 60Indiabulls Finance Centre, Tower 3, S. B. Marg, Elphinstone Road (W), Mumbai – 400 013

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Integrated Cross-channel Payments | Fraud Prevention | Transaction Management Capabilities

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Business World FinTech Summit 2017:Fin-Tech As Disruptors

Organised by the leading business magazine, Business World, the FinTech Summit 2017 brought together leading names from the world of FinTech including Investors, Venture Capitalists, Policy makers, Entrepreneurs, incubators, Foreign firms, Startups etc. on a common platform to discuss in-depth issues involved and the way forward.

Representing AGSTTL in the panel discussion on the topic FinTech As Disruptor was Mahesh Patel, our President & Group CTO, who shared the stage with representatives from HDFC Life, HSBC Bank, ITZ Cash and Policy Bazaar. On the topic, Mahesh opined that collaboration is something really going to work in future and FinTech companies can really leverage on those platforms. “That will be the real disruption once it happens,” said Mahesh.

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1: Delegates attending the panel discussion on FinTech As Distruptor

2: From L to R: Hemant Kshirsagar, Principal Consultant at PWC (Moderator) with Mahesh Patel, President & Group CTO, AGSTTL

(From L to R) Jai Pawani, COO, HSBC India; Pallav Jain, Head – Consumer, PayU India; Hemant Kshirsagar, Principal Consultant at PWC (Moderator); Mahesh Patel, President & Group CTO, AGSTTL; Anubhab Goel, Head – Digital Transformation, HDFC Life; Vinay Agarwal, CEO, Angel Broking and Bhavik Vasa, Chief Growth Officer, ItzCash.

AGSTTL IN EVENTS

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Applauseall the way

AGS Transact Technologies honoured as India’s Most Trusted Payment Solutions Company at the coveted India’s Most Trusted Companies Awards, 2017

Growing leaps & bounds, AGS Transact Technologies (AGSTTL) achieved yet another milestone as it was declared India’s Most Trusted Payments Solutions Company at one of the most prestigious awards ceremony, India’s Most Trusted Companies, 2017 held recently at a five star property in Mumbai. Gracing the occasion as chief guests were Mr. Vijay Shivtare (Hon’ble Minister of State for Water Resources & Parliamentary Affairs - Maharashtra Government), Mr. Satinder Pal Singh Ahuja (Honorary Consul of Georgia in Mumbai) and Dr. S.N. Sasidharan Kartha (Managing Director - Cochin Minerals & Rutile Ltd.) who felicitated the winners.

AGSTTL was selected for the award after a comprehensive research by IBC InfoMedia in collaboration with Media Research Group. The company shares this feat with leading names recognized for their exceptional achievements within their respective categories including TATA Coffee, Mahindra & Mahindra Financial Services, Acer India, Crompton Greaves Consumer Electricals, Db Corp, Atlas Cycles, Hitech Corporation, Nakshatra World and so on.

Mahesh Patel, President & Group CTO, AGSTTL and Sunil Khosla, Sr. VP- Sales & Marketing, ITSL receiving the award from Vijay Shivtare, Hon’ble Minister of State for Water Resources & Parliamentary Affairs, Maharashtra Government and Hemant Kaushik (CEO) IBC INFOMEDIA

ONGO wins the ‘Digital Payment Facilitator’ Award at the National Digital Marketing Conference & Awards 2017India’s leading alternate transaction ecosystem, Ongo has been acclaimed as the Digital Payment

Facilitator within the Payments category at the National Digital Marketing Conference and Awards, held in Mumbai earlier this year. Ongo is AGS Transact Technologies Limited’s

consumer facing brand and was recognised for pioneering the vision of building an alternate transactions ecosystem in India that unifies cash, card and digital transactions seamlessly.

Ongo believes that for India to become digitally savvy every citizen must be empowered to choose from all forms of transactions starting from cash, plastic

to digital. Facilitating this, Ongo’s cutting-edge FinTech platform entails a host of products and services including multipurpose Point of Sale (POS) solutions, payment

gateways; QR code & SMS based payments; prepaid & reward cards and many more. Furthermore, its unique value-added services enable merchants to offer Cash-at-POS

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APPLAUSE ALL THE WAY

Ravi B Goyal, Chairman & Managing Director honoured as the Most Innovative Leader by CMO AsiaRavi B Goyal, Chairman & Managing Director, AGS Transact Technologies Ltd, has been named as the Most Innovative Leader at the prestigious CMO Asia’s Making of Developed India (MODI) Awards earlier this year. Attended by eminent personalities from all walks of life, the award ceremony held in Mumbai recognised Ravi for his ingenious leadership style and his exceptional contribution towards BFSI and FinTech industries.

At the helm of multiple businesses, Ravi has a keen sense of identifying niche business opportunities and is known to bring to India world class technology solutions for both hardware & software across sectors like Colour, Banking, Retail, Petroleum and Transit that simplifies complex processes and enables seamless operations while providing the best possible return on investments (ROI).

Ashish Mehta, President and Group IT Head named ‘The Most Influential CIO’ in datacenter and IT Infrastructure Category by Core MediaCIO POWER LIST 2017 with knowledge partner KPMG honoured country’s most influential & powerful CIOs and ICT leaders over a two-day event held across May 5-6, 2017. It was a grand celebration of CIOs who are changing the IT landscape with their ground-breaking strategies and technology foresight.

The stellar CIOs were recognised for their executive excellence in driving business growth, customer centricity & for using the power of technology to transform their organisations and the ecosystem at large in a highly competitive marketplace. The awards are a vindication of their IT strategy and scope of influence to drive business and create innovations that define their legacy.

22

@raj.narayan@agsindia.com

+91 93240 64097Raj Narayan

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CREATING SEAMLESSTRANSACTION SWITCHINGOur Transaction Switching Services offers Card Management, Integrated Payments Processing & Merchant Acquiring Solutions

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▶ Value Added Services – Mobile, DTH recharge & Bill Payment▶ Switch & Card Management Systems (Prepaid and Debit)▶ Dynamic Currency Conversion – DCC▶ Fraud Monitoring Solution with AML▶ Loyalty Management Module▶ Financial Inclusion Gateway

▶ Automated Fare Collection▶ Electronic Toll Collection▶ Unified Payment System▶ Mobile Banking & Apps▶ mVISA & MasterPass▶ Payment Gateway▶ Mobile Wallet▶ Bharat QR

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▶ NPCI - Rupay & IMPS, NPCI – AEPS, EKYC, UPI & BBPS▶ ACS - Two factor authentication▶ Utility Services, Bill Payments & eCommerce▶ Master Card▶ VISA

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▶ POS – mPOS, EDC and W-POS▶ e-Payment Gateway▶ ATMs▶ BNAs▶ Kiosks

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OTHER SERVICES

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OPERATIONS & SUPPORT

www.agsindia.com

23

@raj.narayan@agsindia.com

+91 93240 64097Raj Narayan

FOR MORE DETAILS CONTACT

CREATING SEAMLESSTRANSACTION SWITCHINGOur Transaction Switching Services offers Card Management, Integrated Payments Processing & Merchant Acquiring Solutions

Our Payment Solutions

▶ Value Added Services – Mobile, DTH recharge & Bill Payment▶ Switch & Card Management Systems (Prepaid and Debit)▶ Dynamic Currency Conversion – DCC▶ Fraud Monitoring Solution with AML▶ Loyalty Management Module▶ Financial Inclusion Gateway

▶ Automated Fare Collection▶ Electronic Toll Collection▶ Unified Payment System▶ Mobile Banking & Apps▶ mVISA & MasterPass▶ Payment Gateway▶ Mobile Wallet▶ Bharat QR

APPLICATIONS

▶ NPCI - Rupay & IMPS, NPCI – AEPS, EKYC, UPI & BBPS▶ ACS - Two factor authentication▶ Utility Services, Bill Payments & eCommerce▶ Master Card▶ VISA

EXTERNAL INTERFACES

▶ POS – mPOS, EDC and W-POS▶ e-Payment Gateway▶ ATMs▶ BNAs▶ Kiosks

DRIVING CHANNEL

▶ Card Printing & Personalisation▶ POS Acquiring▶ Pin Mailers

OTHER SERVICES

▶ Terminal & Device Monitoring – ATMs, BNAs & Kiosks▶ Cash Management Services▶ Daily Reports / MIS & EJ▶ Reconciliation & DMS

OPERATIONS & SUPPORT

www.agsindia.com

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