EbixCash, a fully owned subsidiary of Ebix, Inc. (NASDAQ: EBIX), a
leading international supplier of On-Demand software and E-commerce
services to the insurance, financial, healthcare and e-learning
industries, today announced a strategic travel technology
partnership with Amadeus to grow its footprint across the Asia
Pacific region and UAE and become a one-stop shop for travel.
With 210K travel agents to service and 4.5
million users of its travel app, EbixCash needs access to an
extensive range of content and the best, scalable technology to
deliver what its agents, corporations and travelers need. The
partnership will provide EbixCash’s online websites, travel agents
and corporations in Asia Pacific and UAE with greater access to the
unrivalled breadth of content offered by the Amadeus Travel
Platform, enabling EbixCash to better serve its customers. Built on
fully open systems, the Amadeus Travel Platform harnesses
artificial intelligence to bring a greater level of personalized
content into one integrated platform.
Mr. Robin Raina,
Chairman of the Board, President & CEO, Ebix,
said: “Our vision is to build an end-to-end travel
solution for the industry. We want to empower travel agents and
travellers alike. EbixCash today is the largest end-to-end
financial exchange in the Indian sub-continent, besides its parent
company Ebix being the largest insurance exchange in the world. We
are always looking for new ways to stay ahead of our competitors.
Partnering with Amadeus gives us access to innovative technology
that will allow us to further expand our footprint across the
region, especially in India, Thailand, the Philippines, Indonesia,
Singapore, Dubai and Abu Dhabi, where we see the greatest
potential.”
“Our growth strategy is built on the premise of
having an unrivalled ‘phygital’ presence in the region – combining
our physical distribution outlets in Southeast Asia with an
omnichannel digital presence that allows our seller partners to
have access to extensive real-time data and ecommerce solutions
across all digital channels. Amadeus’ technology empowers EbixCash
to deliver this and truly become a one-stop shop for travel.”
Champa Magesh, Executive Vice President
of Retail in Travel Channels and Managing Director EMEA, Amadeus,
said: “Partnerships are the foundation of progress. As
EbixCash’s preferred travel technology partner, we are proud to
support the company’s strategy to deliver increasing personalized
experiences across all travel touchpoints in APAC and UAE. Amadeus’
open, collaborative approach allied with the scale, efficiency and
performance offered by our Travel Platform means that we remain
best placed to support our travel sellers — and their travelers —
as they navigate the changing travel landscape.”
The Amadeus Travel Platform gives travel sellers
access to additional and diverse content, including accommodation
and ground transportation, so that travel sellers can remain
competitive and sell travel in an efficient and personalized
way.
Notes to the editors:
About Amadeus
Travel powers progress. Amadeus powers travel. Amadeus’
solutions connect travelers to the journeys they want through
travel agents, search engines, tour operators, airlines, airports,
hotels, cars and railways.
We have developed our technology in partnership with the travel
industry for over 30 years. We combine a deep understanding of how
people travel with the ability to design and deliver the most
complex, trusted, critical systems our customers need. We help
connect over 1.6 billion people a year to local travel providers in
over 190 countries.
We are one company, with 19,000 employees across 70 offices. We
have a global mindset and a local presence wherever our customers
need us.
Our purpose is to shape the future of travel. We are passionate
in our pursuit of better technology that makes better journeys.
Amadeus is an IBEX 35 company, listed on the Spanish Stock
Exchange under AMS.MC. The company is also part of the EuroStoxx50
and has been recognized by the Dow Jones Sustainability Index for
the last eight years.
To find out more about Amadeus, visit www.amadeus.com.
About EbixCash and Ebix, Inc.
With a "Phygital” strategy that combines 320,000
physical distribution outlets in many Southeast Asian Nations
(“ASEAN”) countries, to an Omni-channel online digital platform,
the Company’s EbixCash Financial exchange portfolio encompasses
leadership in areas of domestic & international money
remittance, foreign exchange (Forex), travel, pre-paid & gift
cards, utility payments, lending, wealth management etc. in India
and other markets. EbixCash’s Forex operations have emerged as a
leader in India’s airport Foreign Exchange business with operations
in 32 international airports including Delhi, Mumbai, Bangalore,
Hyderabad, Chennai and Kolkata, conducting over $4.8 billion in
gross transaction value per year. EbixCash’s inward remittance
business in India conducts approx. $6.5 billion gross annual
remittance business, confirming its undisputed leadership position
in India. EbixCash, through its travel portfolio of Via and
Mercury, is also one of Southeast Asia’s leading travel exchanges
with over 2,200+ employees, 212,450+ agent network, 25 branches and
over 9,800 corporate clients; processing an estimated $2.5 billion
in gross merchandise value per year. For more information, visit
the Company’s website at www.ebixcash.com
With 50+ offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX)
endeavors to provide On-Demand software and E-commerce services to
the insurance, financial, healthcare and e-learning industries. In
the Insurance sector, Ebix’s main focus is to develop and deploy a
wide variety of insurance and reinsurance exchanges on an on-demand
basis, while also, providing Software-as-a-Service ("SaaS")
enterprise solutions in the area of CRM, front-end & back-end
systems, outsourced administration and risk compliance services,
around the world. For more information, visit the Company’s website
at www.ebix.com
Contact details: Neil Rogan Corporate Communications, Amadeus
Tel: +66 655 277 318 Neil.Rogan@amadeus.com
Darren JosephIR@ebix.com or 678 281 2027David Collins or Chris
EddyCatalyst Global - 212-924-9800 or
ebix@catalyst-ir.com
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