NOIDA, India and JOHNS CREEK, Ga., Sept. 14, 2022 (GLOBE NEWSWIRE) — EbixCash Restricted, a expertise enabled supplier of digital services and products within the B2C, B2B and monetary expertise area, as we speak introduced that its Overseas Trade Division – EbixCash World Cash, has launched the EbixCash Globetrotter Multicurrency Pay as you go Card.
EbixCash World Cash is likely 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 on the market in 10 completely different currencies comparable to 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 prospects to transact seamlessly throughout all retailers.
With a devoted client portal, prospects 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 on the spot cross border tuition charge funds, Visa and school software charge funds for college kids pursing abroad schooling. With a 5-year validity, the cardboard could be reloaded a number of instances by college students for paying their private bills, along with tuition charge. 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 vital milestone in the 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 stated. “The journey card will enable our shoppers to avail international trade companies in probably the most handy method with a hassle-free expertise. We might quickly be additionally providing co-branded journey playing cards via 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 shops 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 trade (Foreign exchange), pre-paid reward playing cards, utility funds, journey companies, and applied sciences throughout insurance coverage, bus data methods, lending and wealth administration in 75+ international locations.
EbixCash World Cash, the international trade division of EbixCash Restricted holds a management place in international trade enterprise in India, with an unlimited community encompassing 81+ retail branches, 250 franchisee companions and responsibility free outlets, 27+ financial institution shoppers, 1200+ company shoppers together with high fortune 500 shoppers and 5-star resorts in India. EbixCash World Cash can be a number one participant in India’s airport and seaport Cash Trade enterprise with retail kiosks in 16+ worldwide airports, and 12 seaports.
With a “Phygital” technique that mixes over 650,000 bodily agent distribution shops all through India and Southeast Asia as of December 31, 2021, to an Omni-channel on-line digital platform, the Firm’s Monetary trade portfolio of software program and companies encompasses home and worldwide cash remittance, international trade (Foreign exchange), pre-paid reward playing cards, utility funds, journey companies and applied sciences for insurance coverage, bus data methods, lending and wealth administration throughout 75+ international locations 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 based mostly on gross transactional worth. EbixCash, via its journey portfolio (Through.com and EbixCash.com), is likely one of the main journey exchanges based mostly in India and catering to Southeast Asian markets, with over 517,000 brokers and roughly 17,900 registered company shoppers. EbixCash’s monetary applied sciences enterprise affords software program options to numerous shoppers within the areas of wealth, asset and lending administration, insurance coverage and bus data methods. EbixCash’s enterprise course of outsourcing companies present data expertise and name middle companies to quite a lot of industries. For extra data, 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 supply of its fairness shares and has filed a draft pink herring prospectus (“DRHP”) with the Securities and Trade Board of India. The DRHP is on the market on the web site of the SEBI at www.sebi.gov.in in addition to on the web sites of the e-book operating lead managers, Motilal Oswal Funding Advisors Restricted at www.motilaloswalgroup.com, Equirus Capital Personal 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 trade(s) at www.bseindia.com and www.nseindia.com, respectively. Traders ought to notice that funding in fairness shares entails a excessive diploma of threat and for particulars regarding such threat, see “Danger Elements” of the RHP, when accessible. Potential traders mustn’t depend on the DRHP for any funding determination.
About Ebix, Inc.
With roughly 200 places of work throughout 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to offer 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 principal 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.
By its varied SaaS-based software program platforms, Ebix employs 1000’s of domain-specific expertise professionals to offer merchandise, help and consultancy to 1000’s of consumers on six continents. For extra data, go to the Firm’s web site at www.ebix.com
+91 99990 13426 or satish.sapru@Ebix.com