Bhavik Vasa

ItzCash parent Ebix to buy YouFirst Money

ItzCash parent Ebix to buy YouFirst Money In its second acquisition in the remittance space in India within a week, US-based software services firm and ItzCash parent Ebix Inc has agreed to acquire the money transfer service scheme (MTSS) business of YouFirst Money Express Pvt. Ltd. The deal comes soon after it bought BSE-listed Wall … Continued

ItzCash Parent Ebix To Buy Wall Street Finance Arm For $7.4 Million

ItzCash Parent Ebix To Buy Wall Street Finance Arm For $7.4 Million U.S.-based software services firm Ebix Inc entered into an agreement to acquire Wall Street Finance’s money transfer service scheme and its subsidiary Goldman Securities Ltd. for $7.4 million. The deal will allow Ebix to remit money sent from abroad through Western Union, Ria … Continued

ItzCash enables Bharat QR on its PoS terminals

ItzCash enables Bharat QR on its PoS terminals ItzCash, a leading fin-tech company, has rolled out ‘Bharat QR code’ feature across its retail network. With this, users can scan and pay money with ItzCash’s ‘Point-of-Sale (PoS)’ devices by simply flashing their cell phones. “This means that customers have multiple options to make payment through this device – … Continued

US Based Ebix Invests $123 Mn In ItzCash, Acquires 80% Stake; Matrix, Lightspeed, Intel Exit

US Based Ebix Invests $123 Mn In ItzCash, Acquires 80% Stake; Matrix, Lightspeed, Intel Exit US-headquartered Ebix Inc., has invested $123 Mn (INR 800 Cr) in Mumbai-based payments solution firm ItzCash against 80% stake in the company. The funding has been done at a valuation of $150 Mn and Ebix will now be the majority shareholder in the company. … Continued

ItzCash Turns a Page with Profits, Revenue Jumps 40% to Rs 250 crore

ItzCash Turns a Page with Profits, Revenue Jumps 40% to Rs 250 crore Payments company ItzCash turned profitable in 2016-17, according to managing director Naveen Surya. The Mumbai-based company made close to Rs 250 crore in revenue across all its businesses, a nearly 40% jump over the revenue of about. Rs 180 crore in the … Continued

ItzCash partners with Prabhu Money Transfer India for remittance to Nepal

ItzCash partners with Prabhu Money Transfer India for remittance to Nepal Domestic remittance and digital payments company ItzCash has ventured into cross-border remittances through its partnership with Prabhu Money Transfer India, a remittance company in Nepal to enable Nepali diaspora settled in India to remit money back home through ItzCash’s 75,000 agent network spread across … Continued

ItzCash voted amongst the most trusted BFSI brand in India

ItzCash voted amongst the most trusted BFSI brand in India 1st Top Trusted brand in ‘Prepaid services’; ranked among top 30 in overall BFSI category, as per Brand Trust Report by TRA Indian consumers have voted ItzCash, India’s largest Fintech payments company, amongst the most trusted Banking Financial Services Brand. ItzCash ranked among top 30  across … Continued

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ItzCash associates with Kings XI Punjab as its Official Principal Sponsor and Payments Partner

ItzCash associates with Kings XI Punjab as its Official Principal Sponsor and Payments Partner ItzCash, India’s largest digital payment firm and a pioneer in prepaid card industry, today, announced its association with Kings XI Punjab team as its official Principal Sponsor and Payments Partner. At the press event organised by Kings XI Punjab, Team mentor … Continued

ItzCash that Finly will get for keeping corporate books

ItzCash that Finly will get for keeping corporate books Digital payment company ItzCash has made an equity investment in Bengaluru- based fintech startup Finly.io, which has developed an expense management tool for corporates. Itzcash MD Naveen Surya said this is the first among the several investments and partnerships the company is looking to make in … Continued

Labour gain

Labour gain Kris Lakshmikanth, CEO of the recruitment firm Headhunters India, was recently at Indian Institute of Management Ranchi to give a lecture. He had lunch at the institutes cafeteria, and when he was about to pay the bill the cashier requested him to pay through Paytm. Lakshmikanth was a bit surRs prised that digital … Continued