New Launch18 Oct 2024, 07:11 pm
AGS Transact Technologies' International Group Company Novus Technologies Powers Philippine's Largest Bank-agnostic Mobile ATM Network RCBC'S 'ATM Go' Achieves 50% Revenue Growth in 2024
AI Summary
AGS Transact Technologies Limited, one of the leading providers of integrated omni-channel payment solutions in India, announced that the Philippines’s largest bank-agnostic network of mobile ATM RCBC ‘ATM Go’ deployed by the Philippines’ fastest growing bank Rizal Commercial Banking Corporation (RCBC) and powered by our international Group Company Novus Technologies Pte. Limited, has reported remarkable growth. RCBC’s ATM Go serves as the last mile in delivering banking services nationwide. The Bank announced ATM Go'’s revenue increase by 50%, and gross transaction value rose by 31%, as of August 2024. Additionally, compared to the previous year, the number of deployed terminals and merchant partners surged by 113% and 150%.
Key Highlights
- RCBC’s ATM Go reports 50% revenue growth and 31% transaction value surge in 2024
- Number of deployed terminals and merchant partners surged by 113% and 150% respectively
- AGS Transact’s international Group company earns revenue in the form of monthly fixed fee and transaction fee
- RCBC ATM Go is Philippines’ first bank-agnostic, last-mile, and community mobile ATM
- RCBC’s ATM Go has benefitted over 10 million families, with 60% of transactions conducted by rural women