Phygital

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 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

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

Digital payment firms happy with Centre’s push

Digital payment firms happy with Centres push The digital push by government through incentives and demonetization has come as a booster to the financial technology companies or digital payment companies and they are expected to pass on the benefits to the consumers. Naveen Surya, chairman, Payment Council of India and managing director, ItzCash told this … Continued

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Making digital India dream a reality: ItzCash

The Banking and Finance Post, November 9, 2016 India is on the verge of becoming a digital nation and we are ensuring the same by converting cash into digital money both at the rural and urban level says Ravi Singh, Chief Business Officer, ItzCash in an exclusive conversation with Rashi Aditi Ghosh of Elets News … Continued