GMV forms a strategic alliance with AGS Transact Technologies Limited

Madrid, 13 November 2017 – GMV and AGS Transact Technologies Limited (AGSTTL), one of India’s leading end-to-end payment solutions providers, announced that they have entered into a strategic partnership. Through this partnership, GMV will leverage AGSTTL’s strong industry presence to tap into the ATM market in India for its latest Checker ATM Security software.

“At GMV we are excited to partner with AGSTTL, as this will provide our customers in India with a competent and reliable partner to address the Indian market and ensure the best possible cybersecurity protection is available to Indian ATM networks,” said Juan Jesús León Cobos, Director of Products and New Developments at GMV Secure e-Solutions. “Taking into account the growing number of ATMs in India and the latest reported malware attacks in the region, this partnership will certainly contribute to fraud prevention in ATMs and security in general in ASEAN.”

“At AGSTTL, we have always strived to simplify transactions and provide our customers with seamless and secure payment solutions. With growing cyber security threats globally, fraud prevention technologies are the need of the hour. GMV’s Checker ATM Security solution meets our sought quality standards and will further our objective of providing robust security solution along with a seamless service enabling Indian customers to opt for the most reliable solution to meet their security requirements without impacting on operations” said Mahesh Patel, Group CTO and President, AGS Transact Technologies Limited. 

ABOUT AGS TRANSACT TECHNOLOGIES LIMITED

Established in 2002, AGS Transact Technologies Limited (AGSTTL) is one of India’s leading end-to-end payment solutions provider with a wide spectrum of highly customized products implemented with state-of-the-art technology for the Banking, Retail, Petroleum and Transit sectors. AGSTTL operates across 700 cities and towns reaching out to over 160,000 customer touch points across India and boasts an impressive foothold in South East Asia. Pioneering the change in financial technology space, our three major lines include Banking Automation Solutions, Banking Payment Solutions, Automation Solutions for the retail, petroleum and other sectors.

ABOUT GMV

GMV is a Spanish, privately owned technological business group with an international presence. GMV offers its solutions, services and products in very diverse sectors including cybersecurity for finance. GMV has been a market leader in financial self-service logical security systems for over 10 years. Its product Checker ATM Security currently protects more than 130,000 ATMs in over 30 countries worldwide.

GMV is a privately owned technology business group founded in 1984 and trading on a worldwide scale in the following sectors: Aerospace, Defense and Security, Transport, Telecommunications and IT for public administration and large corporations. In 2016 it earned revenue of more than 143 million euros and had a workforce of nearly 1,500 professionals. It has subsidiaries in Germany, Colombia, France, the USA, Malaysia, Poland, Portugal, the UK and Romania and 65% of its turnover comes from international projects implemented across the globe. The company's growth strategy is based on continuous innovation and it allocates 10% of its turnover to R&D. GMV has reached CMMI level 5, the world's most prestigious model in terms of enhancing an organization’s process capability and it has numerous international patents. Currently, GMV is the world's biggest independent supplier of ground control systems for commercial telecommunications satellite operators and the European leader in the earth navigation systems segment (EGNOS and Galileo); the primary provider of the C41 command and control systems for the Spanish Army; the top national provider of telematic systems for public transport. In the ICT sector, it has become a national reference as a provider of advanced cybersecurity solutions and services for IP networks, ICT applications and mobility applications for governments and the development of e-Administration.