One MobiKwik vs AGS Transact Technologies: Share Price, PE, ROE Compared

August 12, 2026
Posted by: Ankit Jaiswal
Category: Market

One MobiKwik MCap approx Rs 800-1,200 Cr (listed 2024, data approximate). AGS Transact Technologies MCap approx Rs 500-800 Cr (data approximate, distressed ATM business).

One MobiKwik vs AGS Transact Technologies is a comparison fintech investors look up when evaluating two listed Indian companies in the digital payments and financial technology segment. One MobiKwik Systems, a Gurugram-based company (listed 2024), operates the MobiKwik digital payments wallet and BNPL (Buy Now Pay Later) platform with millions of users across India. AGS Transact Technologies, a Mumbai-based company, manages ATM machines for banks, operates white-label ATMs and provides digital payment solutions for banking. The MobiKwik versus AGS Transact comparison covers digital consumer payments versus ATM banking infrastructure.

This One MobiKwik vs AGS Transact Technologies article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.

Table of Contents

Reach and Market Position

In this One MobiKwik vs AGS Transact Technologies comparison, MobiKwik provides digital wallet (UPI payments), BNPL (Zip EMI) and zip pay later for e-commerce, retail and utility bill payments to millions of Indian consumers. Market capitalisation is approximately Rs 800-1,200 Cr.

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AGS Transact manages ATM machines for banks (ATM managed services), operates white-label ATMs in underserved areas and provides cash management services. Market capitalisation is approximately Rs 500-800 Cr.

Key Products and Business Mix

For the One MobiKwik vs AGS Transact Technologies product breakdown, One MobiKwik: MobiKwik earns from payment processing fees, BNPL interest and financial services. Data is approximate – verify current financials from exchange filings. Listed 2024.

AGS Transact Technologies: AGS Transact earns from ATM managed services fees and cash management. Data is approximate – the ATM business faces structural headwinds from UPI’s growth. Verify current financials from exchange filings.

Latest Results and Financial Data

On the One MobiKwik vs AGS Transact Technologies results front: MobiKwik is a consumer-facing digital payments app with significant user base. As a recently listed company (2024), verify current financials from exchange filings.

AGS Transact Technologies is an ATM services company under stress as digital payments (UPI) reduce ATM cash withdrawal demand. Investors should verify current financial health from exchange filings.

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Stock Performance and Valuation

Investors tracking the One MobiKwik vs AGS Transact Technologies comparison should verify current prices on NSE or BSE before trading. The One MobiKwik vs AGS Transact Technologies stock data below reflects the latest available figures from Groww and public company filings.

One MobiKwik versus AGS Transact Technologies: MobiKwik (consumer digital wallet, recently listed) vs AGS Transact (ATM managed services, structural headwinds from UPI). Both are small-cap fintech companies with different business models under different pressures.

One MobiKwik vs AGS Transact Technologies: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter	One MobiKwik	AGS Transact Technologies
Sector	Digital wallet + BNPL + UPI payments (consumer fintech, listed 2024)	ATM managed services + white-label ATMs + cash management (B2B banking infra)
Market Cap	Approx Rs 800-1,200 Cr	Approx Rs 500-800 Cr
P/E Ratio	Approx (verify from filings)	Approx (verify from filings)
Customer Type	Retail consumers (UPI, wallet, BNPL)	Banks (ATM managed services)
Business Trend	Growing (digital payment adoption)	Headwind (UPI reducing ATM cash use)
Listed	2024 (recently)	Earlier listed
Status	Early-stage listed fintech, verify financials	ATM business under structural pressure

Conclusion

The One MobiKwik vs AGS Transact Technologies comparison above covers reach, products, results and valuation. One MobiKwik versus AGS Transact Technologies covers consumer digital wallets versus ATM banking infrastructure. MobiKwik rides India’s digital payment wave. AGS Transact faces structural headwinds from UPI displacing ATM cash withdrawals. The MobiKwik and AGS comparison highlights two very different fintech business models – one growing, one under pressure. Investors must verify current financial performance from exchange filings. Consult a SEBI-registered advisor for personalised guidance.

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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

What does MobiKwik do?

Ans. MobiKwik operates a digital payments wallet allowing consumers to pay for e-commerce, utility bills and retail using stored money, UPI or BNPL (Buy Now Pay Later) through the MobiKwik app.

What does AGS Transact Technologies do?

Ans. AGS Transact manages ATM machines on behalf of banks (ATM managed services), operates its own white-label ATM network in rural/semi-urban areas and provides cash management and cheque processing services.

What is BNPL?

Ans. BNPL (Buy Now Pay Later) lets consumers make purchases and pay in installments with low or zero upfront interest. MobiKwik offers Zip Pay Later – its BNPL product for e-commerce and offline merchants.

What is a white-label ATM?

Ans. A white-label ATM is not branded by any particular bank – it is owned and operated by an independent company (like AGS Transact) and is accessed by customers of any bank.

Which is larger, MobiKwik or AGS Transact?

Ans. MobiKwik at approximately Rs 800-1,200 Cr is marginally larger than AGS Transact at approximately Rs 500-800 Cr.

Are these companies in Nifty 50?

Ans. Neither is in Nifty 50.

Does UPI affect ATM companies?

Ans. Yes. India’s rapid UPI adoption has significantly reduced cash withdrawal volumes from ATMs, creating structural headwinds for ATM-dependent companies like AGS Transact.

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Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.