digital payments

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 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

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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

Transforming the digital payments landscape

Our country is on a journey to becoming a digital superpower and, over a period of time, we all have realized that this vision of Digital India cannot be complete without digitizing cash-use in our country. A less-cash environment is completely dependent on a robust digital payments ecosystem, which is still at a nascent stage; … Continued

ItzCash’s Attempt To Make India Financially PHYgital

In the mid-2000s, Internet penetration had just begun in the lower sections of society and mobile adoption was increasing. But, when it came to payments or any kind of financial transactions, there was cash and only cash. “In 2005-2006, 97% was cash and only 3% was digital,” begins Naveen Surya, the co-founder of payments platform ItzCash. “This … Continued

Rupay card usage via PoS machines triples in Nov

Rupay card usage via PoS machines triples in Nov Rupay cards have seen a surge both in terms of value and the number of transactions in November, according to data compiled by the National Payments Corp. of India. The increase is more at Point of Sale (PoS) machines  than at e-commerce websites, indicating people’s preference … Continued

ItzCash ties up with 100 cos for pre-paid cards

ItzCash ties up with 100 cos for pre-paid cards Digital payments facilitator ItzCash has signed up with 100 small- and large-sized companies to offer pre-loaded salary cards for their employees in the wake of cash withdrawal limits from banks post ban on Rs 500/1000 notes. The company said it has been witnessing a sharp three … Continued

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Demonetisation: Why the challenge to take digital payment to rural India is as huge as the opportunity

The Economic Times , November 27, 2016 Demonetisation: Why the challenge to take digital payment to rural India is as huge as the opportunity  Dhaturi, a dusty village in Haryana some 54 kilometres from the national capital, is like any other hamlet in North India: a cluster of half-plastered, concrete buildings housing kirana stores; semi-paved … Continued

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Mr. Naveen Surya’s interaction with Economic Times

The Economic Times , November 23, 2016 There has been a sudden demand for e-payment forums: Naveen Surya, Payments Council of India  ET Now: Different digital players we have spoken to have said that their traction has increased, but have you seen any kind of disruptions in payment or completion of transactions or otherwise? Naveen … Continued

Maximum e-wallet transactions in 25-35 age group: data

Livemint.com , November 24, 2016 Maximum e-wallet transactions in 25-35 age group: data E-wallets such as ItzCash and Oxigen are being used by people to buy groceries, pay utility bills and book tickets because of a cash crunch following the government’s demonetization drive. The maximum amount of transactions is attributed to the 25-35 age group, … Continued