e-commerce

ItzCash’s parent firm Ebix Inc has been recognised fastest growing company globally by Fortune

ItzCash’s parent firm Ebix Inc has been recognised fastest growing company globally by Fortune Leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries Ebix, Inc. on Thursday announced that it ranks No. 76 on Fortune magazine’s 2017 100 Fastest-Growing Companies list of domestic and foreign publicly traded companies, … Continued

ItzCash raises Rs 800 crore, gives exits to Matrix, Intel Capital, Lightspeed.

ItzCash raises Rs 800 crore, gives exits to Matrix, Intel Capital, Lightspeed. Mumbai-based fintech company ItzCash has raised Rs 800 crore from US-based Ebix Inc, a global insurance SaaS company. Ebix has acquired 80 per cent stake in the company, thus valuing Itzcash at $150 million and giving exits to early investors Matrix, Intel Capital … 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

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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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Digital Payments Gain On India’s Currency Demonetization

Investopedia.com, November 15, 2016 As almost 86% of India’s currency circulation turned into worthless paper after November 8, 2016, mobile wallets and fintech companies providing alternative payment avenues saw a big boost. People turned to digital payments after initial confusion followed by serpentine queues outside banks and empty ATMs. That’s a big deal for a country that paid cash … Continued

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As corporate gifting goes digital, ItzCash, Zeta want big bite of the market

The Hindu Business Line, October 28, 2016 As corporate gifting goes digital, ItzCash, Zeta want big bite of the market Corporate gifting has been part of employee rewards and recognition programs across many corporations in India. But gifts have historically been distributed as paper-based vouchers, which are beginning to seem out of place in a … Continued