NOIDA, India and JOHNS CREEK, Ga., Sept. 14, 2022 (GLOBE NEWSWIRE) — EbixCash Restricted, a know-how enabled supplier of digital services and products within the B2C, B2B and monetary know-how enviornment, as we speak introduced that its Overseas Alternate Division – EbixCash World Cash, has launched the EbixCash Globetrotter Multicurrency Pay as you go Card.
EbixCash World Cash is without doubt one of the largest sellers of Multicurrency Pay as you go playing cards in India with pre-covid annualized gross sales of USD 750 million. With the launch of the Globetrotter journey card, it’s focusing on volumes of USD 1 Billion in 2023. EbixCash Multicurrency journey card is out there in 10 totally different currencies resembling USD, GBP, AUD, CHF, SAR, THB, EURO, CAD, AED, SGD. The pay as you go journey card is accepted throughout for POS, ATM, E-com throughout 7 + million retailers globally. With “Faucet & Pay” performance, this card permits clients to transact seamlessly throughout all retailers.
With a devoted client portal, clients can set the person restrict for ATM, POS, E-com and Faucet and Pay transactions, view transactional particulars, obtain statements and hotlist playing cards hassle-free. With the elevated adoption of digital funds globally, EbixCash Globetrotter Journey Card has enabled prompt cross border tuition payment funds, Visa and faculty software payment funds for college students pursing abroad training. With a 5-year validity, the cardboard might be reloaded a number of instances by college students for paying their private bills, along with tuition payment. With the revival of vacation journey and company enterprise, EbixCash Globetrotter journey would empower the shoppers to make hassle-free transactions throughout the Globe.
“We’re excited to be formally launching the EbixCash Globetrotter Journey Card, because it is a crucial milestone in direction of providing a brand new buyer expertise. EbixCash has been a frontrunner in journey card enterprise for final a few years in India.”. T C Guruprasad, Managing Director, EbixCash World Cash mentioned. “The journey card will permit our purchasers to avail international alternate companies in probably the most handy method with a hassle-free expertise. We might quickly be additionally providing co-branded journey playing cards by alliances with banks and monetary establishments.
EbixCash is a subsidiary of Ebix, Inc. (NASDAQ: EBIX), with a management place in key companies that it operates in, with a “phygital” technique that mixes over 650,000 bodily agent distribution retailers all through India and Southeast Asia as of December 31, 2021; with a Omni-channel on-line digital platform that gives its services and products encompassing home and worldwide cash remittance, international alternate (Foreign exchange), pre-paid present playing cards, utility funds, journey companies, and applied sciences throughout insurance coverage, bus info methods, lending and wealth administration in 75+ nations.
EbixCash World Cash, the international alternate division of EbixCash Restricted holds a management place in international alternate enterprise in India, with an unlimited community encompassing 81+ retail branches, 250 franchisee companions and obligation free outlets, 27+ financial institution purchasers, 1200+ company purchasers together with prime fortune 500 purchasers and 5-star resorts in India. EbixCash World Cash can be a number one participant in India’s airport and seaport Cash Alternate enterprise with retail kiosks in 16+ worldwide airports, and 12 seaports.
With a “Phygital” technique that mixes over 650,000 bodily agent distribution retailers all through India and Southeast Asia as of December 31, 2021, to an Omni-channel on-line digital platform, the Firm’s Monetary alternate portfolio of software program and companies encompasses home and worldwide cash remittance, international alternate (Foreign exchange), pre-paid present playing cards, utility funds, journey companies and applied sciences for insurance coverage, bus info methods, lending and wealth administration throughout 75+ nations together with India. EbixCash has Foreign exchange operations in roughly 16 worldwide airports, together with Delhi, Mumbai, Mumbai, Hyderabad, Chennai and Kolkata. EbixCash is a frontrunner within the worldwide remittance enterprise primarily based on gross transactional worth. EbixCash, by its journey portfolio (Through.com and EbixCash.com), is without doubt one of the main journey exchanges primarily based in India and catering to Southeast Asian markets, with over 517,000 brokers and roughly 17,900 registered company purchasers. EbixCash’s monetary applied sciences enterprise provides software program options to numerous purchasers within the areas of wealth, asset and lending administration, insurance coverage and bus info methods. EbixCash’s enterprise course of outsourcing companies present info know-how and name heart companies to quite a lot of industries. For extra info, go to the Firm’s web site at www.ebixcash.com
EbixCash Restricted is proposing, topic to receipt of requisite approvals, market situations and different issues, to make an preliminary public provide of its fairness shares and has filed a draft purple herring prospectus (“DRHP”) with the Securities and Alternate Board of India. The DRHP is out there on the web site of the SEBI at www.sebi.gov.in in addition to on the web sites of the ebook working lead managers, Motilal Oswal Funding Advisors Restricted at www.motilaloswalgroup.com, Equirus Capital Non-public Restricted at www.equirus.com, ICICI Securities Restricted at www.icicisecurities.com, SBI Capital Markets Restricted at www.sbicaps.com and YES Securities (India) Restricted at www.yesinvest.in, respectively, and the web sites of the inventory alternate(s) at www.bseindia.com and www.nseindia.com, respectively. Buyers ought to observe that funding in fairness shares includes a excessive diploma of threat and for particulars regarding such threat, see “Danger Components” of the RHP, when accessible. Potential buyers shouldn’t depend on the DRHP for any funding resolution.
About Ebix, Inc.
With roughly 200 places of work throughout 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to supply on-demand software program and e-commerce companies to the insurance coverage, monetary companies, journey, healthcare and e-learning industries. Within the Insurance coverage sector, Ebix’s fundamental focus is to develop and deploy all kinds of insurance coverage and reinsurance exchanges on an on-demand foundation, whereas additionally, offering Software program-as-a-Service (“SaaS”) enterprise options within the space of CRM, front-end & back-end methods, outsourced administration and threat compliance companies, around the globe.
Via its varied SaaS-based software program platforms, Ebix employs 1000’s of domain-specific know-how professionals to supply merchandise, help and consultancy to 1000’s of shoppers on six continents. For extra info, go to the Firm’s web site at www.ebix.com
+91 99990 13426 or satish.sapru@Ebix.com