Prepaid Card

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 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

ItzCash and Kings XI Punjab Drive Epilepsy Awareness

ItzCash and Kings XI Punjab Drive Epilepsy Awareness The current IPL squad of Kings XI Punjab has joined hands with ItzCash, India’s leading digital payments fintech to drive awareness around epilepsy. Team players Glenn Maxwell, D. Sammy, Axar Patel, Martin Guptill, Ishant Sharma and Mannan Vohra along with the officials came together on Wednesday 10th May 2017, to support the social cause thereby eliminating … 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

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

India’s first payment firm IPO – ItzCash?

Volumes cross $2 billion; 40percent uptick in transactions after demonitsation. The country’s largest pre-paid player,ItzCash– part of the $2.4 billion Essel group – may well be the first in the pure-play payments space to go in a for public float of shares. It’s also open to the option of roping in a strategic partner as … Continued

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Naveen Surya in Q&A with Raghu Krishnan – Business Standard

Business Standard, Mumbai , September 29, 2016 “The reality of payments firms is, we are relevant to urban and rural” “The digitally-savvy Indian uses physical cash for 30-40 per cent of her spending. So you can see the opportunity for a differentiated service”, Naveen Surya tells Raghu Krishnan in Q&A How are you differentiating ItzCash … Continued

ItzCash in talks with several fintech mobile companies for potential investment

VCCircle, Mumbai, August 26, 2016 Mr. Naveen Surya’s interaction with VC Circle Mumbai-based digital payments facilitator ItzCash is in talks with several mobile application firms for making a strategic investment, said a top company executive.The company, which would turn profitable in FY2016-17, is looking for firms specialising in fintech mobile applications which can be scaled … Continued