Mumbai, January 22, 2016: Hon’ble Prime Minister Shri Narendra Modi-ji launched the Ongo app at the inauguration of e-rickshaws in Lucknow today. Modiji made the first ever e-payment to an e-rickshaw driver using the Ongo app for his ride at the event.
Ongo app is developed by India Transact Services Limited, a wholly-owned subsidiary of AGS Transact Technologies Ltd, the leading banking payment solution provider in the country.
Ongo app had a pilot launch in September 2015 and is already being used by approximately 15,000 Mumbai auto rickshaw drivers for cashless payments. The app aims to simplify the travel experience for both commuters and drivers by eliminating the need to keep loose change or cash at all.Also, the app enables auto rickshaw drivers to fill gas in their autorickshaw by using a prepaid card which was given to them as part of the program.
Speaking about the event, Mr. Ravi B Goyal, Chairman and Managing Director of AGS Transact Technologies Limited said, “We are honoured that Ongo was the first official app used for transaction by Honourable PM Modiji to enable e-payments on e-rickshaws.It clearly highlights the government’s emphasis on the adoption of technology at the grass root level and we are happy that we could provide the platform for this vision.”
He further added, the e-rickshaws in itself is a revolutionary idea and combined with the option to pay using the Ongo app makes it truly an extraordinary experience.”
About Ongo
Ongo is a mobile payment solution which enables you to make payments on the move and brings convenience of payments in few steps.
About India Transact Services Ltd
India Transact Services Ltd. (ITSL) is a fully owned subsidiary of AGS Transact Technologies Ltd. with focus on the Indian payments industry. Our focus is to develop an integrated payments platform for our Customers.
Equipped with electronic transaction processing switch, we offer inter-connectivity of banks’ ATMs and other delivery channels to different payment gateways, web and mobile based payment services. For example, we have developed a mobile-POS solution, offering fast, secure and end-to-end transaction processing to merchants.
We provide mobile based merchant acquiring, card issuance, transaction acquiring for debit, credit and prepaid cards, transaction processing, program management, customer support, reconciliation and settlement services and linked-loyalty solutions.
We believe that by developing mobility-based payment solutions, which enables additional modes of making payments besides cash or card, we will be able to develop customized payment solutions (including mobile wallet offerings) for our customers. This will enable us to grow our customer touch points, other service offerings and revenue.
——————————————————————————————————————
PRESS RELEASE