NOIDA, India and JOHNS CREEK, Ga., (*100*). 14, 2022 (GLOBE NEWSWIRE) — EbixMoney Limited, a know-how enabled supplier of digital services within the B2C, B2B and monetary know-how area, immediately introduced that its Foreign Exchange Division – EbixMoney World Money, has launched the EbixMoney Globetrotter Multicurrency Prepaid Card.
EbixMoney World Money is without doubt one of the largest sellers of Multicurrency Prepaid playing cards in India with pre-covid annualized gross sales of USD 750 million. With the launch of the Globetrotter journey card, it’s concentrating on volumes of USD 1 Billion in 2023. EbixMoney Multicurrency journey card is out there in 10 totally different currencies reminiscent of 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 “Tap & Pay” performance, this card permits prospects to transact seamlessly throughout all retailers.
With a devoted shopper portal, prospects can set the person restrict for ATM, POS, E-com and Tap and Pay transactions, view transactional particulars, obtain statements and hotlist playing cards hassle-free. With the elevated adoption of digital funds globally, EbixMoney Globetrotter Travel Card has enabled on the spot cross border tuition price funds, Visa and school software price funds for college students pursing abroad schooling. With a 5-year validity, the cardboard may be reloaded a number of occasions by college students for paying their private bills, along with tuition price. With the revival of vacation journey and company business, EbixMoney Globetrotter journey would empower the shoppers to make hassle-free transactions throughout the Globe.
“We are excited to be formally launching the EbixCash Globetrotter Travel Card, as it is an important milestone towards offering a new customer experience. EbixCash has been a leader in travel card business for last many years in India.”. T C Guruprasad, Managing Director, EbixMoney World Money mentioned. “The travel card will allow our clients to avail foreign exchange services in the most convenient manner with a hassle-free experience. We would soon be also offering co-branded travel cards through alliances with banks and financial institutions.
EbixCash is a subsidiary of Ebix, Inc. (NASDAQ: EBIX), with a leadership position in key businesses 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 encompassing home and worldwide cash remittance, international alternate (Forex), pre-paid reward playing cards, utility funds, journey companies, and applied sciences throughout insurance, bus data methods, lending and wealth administration in 75+ nations.
EbixMoney World Money, the international alternate division of EbixMoney Limited holds a management place in international alternate business in India, with an enormous community encompassing 81+ retail branches, 250 franchisee companions and responsibility free outlets, 27+ financial institution purchasers, 1200+ company purchasers together with high fortune 500 purchasers and 5-star inns in India. EbixMoney World Money can be a number one participant in India’s airport and seaport Money Exchange business with retail kiosks in 16+ worldwide airports, and 12 seaports.
About EbixMoney
With a “Phygital” strategy that combines over 650,000 physical agent distribution outlets throughout India and Southeast Asia as of December 31, 2021, to an Omni-channel online digital platform, the Company’s Financial exchange portfolio of software and services encompasses domestic and international money remittance, foreign exchange (Forex), pre-paid gift cards, utility payments, travel services and technologies for insurance, bus information systems, lending and wealth management across 75+ countries including India. EbixCash has Forex operations in approximately 16 international airports, including Delhi, Mumbai, Mumbai, Hyderabad, Chennai and Kolkata. EbixCash is a leader in the international remittance business based on gross transactional value. EbixCash, through its travel portfolio (Via.com and EbixCash.com), is one of the leading travel exchanges based in India and catering to Southeast Asian markets, with over 517,000 agents and approximately 17,900 registered corporate clients. EbixCash’s financial technologies business offers software solutions to various clients in the areas of wealth, asset and lending management, insurance and bus information systems. EbixCash’s business process outsourcing services provide information technology and call center services to a variety of industries. For more information, visit the Company’s website at www.ebixcash.com
Disclaimer:
EbixCash Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India. The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Motilal Oswal Investment Advisors Limited at www.motilaloswalgroup.com, Equirus Capital Private Limited at www.equirus.com, ICICI Securities Limited at www.icicisecurities.com, SBI Capital Markets Limited at www.sbicaps.com and YES Securities (India) Limited at www.yesinvest.in, respectively, and the websites of the stock exchange(s) at www.bseindia.com and www.nseindia.com, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.
About Ebix, Inc.
With approximately 200 offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries. In the Insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service (“SaaS”) enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.
Through its various SaaS-based software platforms, Ebix employs thousands of domain-specific technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Company’s website at www.ebix.com
CONTACT:
Satish Sapru
+91 99990 13426 or [email protected]
