NOIDA, India and JOHNS CREEK, Ga., Sept. 29, 2022 (GLOBE NEWSWIRE) — EbixMoney Limited, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a number one worldwide provider of On-Demand software program and E-commerce providers to the insurance, monetary, healthcare and e-learning industries, at the moment introduced that its Foreign Exchange Division – EbixMoney World Money, has gained the Airport Authority of India contract for working cash alternate business on the prestigious Amritsar International Airport.
Famous internationally for Sri Harmandir Sahib, popularly generally known as “the Golden Temple,” certainly one of Sikhism faith’s most spiritually vital and most-visited non secular locations, Amritsar attracts vacationers from internationally in massive numbers. Amritsar can be house to Jallianwala Bagh, a historic Garden whereby a bloodbath involving the killings of lots of of Indian civilians passed off on 13 April 1919, on the orders of British Colonel Reginald Edward Harry Dyer – making it a vacationer vacation spot etched in reminiscence of each patriotic Indian internationally. Amritsar can be thought of the financial capital of the state of Punjab in India.
“We are excited to be formally launching EbixCash Money Exchange counters at Amritsar International Airport, towards offering a new customer experience for international passengers travelling from and into Amritsar.” T C Guruprasad, Managing Director, EbixMoney World Money stated. (*3*)
EbixMoney World Money, the international alternate division of EbixMoney Limited holds a management place in international alternate business in India, with an unlimited community encompassing 81+ retail branches, 250 franchisee companions and duty-free retailers, 27+ financial institution purchasers, 1200+ company purchasers together with high fortune 500 purchasers and 5-star resorts 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
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