AGS Transact Technologies Limited (BSE: 543451 & NSE: AGSTRA), a leading provider of integrated omni-channel payment solutions in India, has announced the implementation of UPI QR-based cash withdrawals at ATMs for a prominent public sector bank with a network of over 1,000 ATMs. This new feature allows customers to withdraw cash by simply scanning a QR code from their bank’s app, providing a quicker, card-free banking experience.
The UPI QR integration not only enhances user convenience at the bank’s ATMs but also reduces the risk of card-related fraud. This initiative is expected to increase cash withdrawals at ATMs in both urban and rural areas. Additionally, it underscores AGS Transact’s commitment to delivering innovative solutions that align with the evolving banking landscape. AGS Transact Technologies earns a fee for each ATM transaction.