Our Investor & Partner:
EbixCash (a new dynamic avatar of ItzCash) is India’s largest Financial Exchange for payments solutions, money transfer services and corporate & incentive solutions.
Established in 2006, EbixCash initiated the concept of ‘digital cash’ to the Indian consumer and various business entities, heralding the beginning towards enabling a less-cash transacting society.
The company currently process approximately 600,000 transactions per day, about $2 Billion in annual payment volume and issued more than 110 million accounts to date, with an industry leading transaction success rate of 99%.
With 75,000+ physical retail outlets, the three MTSS (Money Transfer Service Scheme) business acquisitions in 2017 increase the distribution reach substantially to over 114,000 outlets across the country and give the company a direct access to 60 percent market share, making it the largest international remittance player in India.
EbixCash is already the largest domestic remittance exchange in India with domestic remittance volume of approximately $100 million per month.
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