EbixCash Wins 3 -Year Contract from Amritsar International Airport
September 29 2022 - 7:31AM
EbixCash Limited, a 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 that its Foreign Exchange Division -
EbixCash World Money, has won the Airport Authority of India
contract for operating money exchange business at the prestigious
Amritsar International Airport.
Famous across the world for Sri Harmandir Sahib,
popularly known as "the Golden Temple," one of Sikhism religion's
most spiritually significant and most-visited religious places,
Amritsar attracts tourists from across the world in large numbers.
Amritsar is also home to Jallianwala Bagh, a historical Garden
wherein a massacre involving the killings of hundreds of Indian
civilians took place on 13 April 1919, on the orders of British
Colonel Reginald Edward Harry Dyer – making it a tourist
destination etched in memory of every patriotic Indian across the
world. Amritsar is also considered the economic capital of the
state of Punjab in India.
“We are excited to be formally launching
EbixCash Money Exchange counters at Amritsar International Airport,
towards offering a new customer experience for international
passengers travelling from and into Amritsar.” T C Guruprasad,
Managing Director, EbixCash World Money said. “The Forex counters
at Amritsar airport will allow passengers to avail foreign exchange
services in the most convenient hassle-free manner. We are already
exclusive foreign exchange partners to the Golden Temple –
Harmandir Sahib, Amritsar for over a decade now. This Airport
presence along with the Golden temple partnership, will allow us to
cohesively address the needs of tens of thousands of NRIs and
tourists from across the globe who travel to the great city of
Amritsar.”
EbixCash World Money, the foreign exchange
division of EbixCash Limited holds a leadership position in foreign
exchange business in India, with a vast network encompassing 81+
retail branches, 250 franchisee partners and duty-free shops, 27+
bank clients, 1200+ corporate clients including top fortune 500
clients and 5-star hotels in India. EbixCash World Money is also a
leading player in India’s airport and seaport Money Exchange
business with retail kiosks in 16+ international airports, and 12
seaports.
About EbixCash
With a "Phygital” strategy that combines over
650,000 physical agent distribution outlets throughout India and
Southeast Asia as of December 31, 2021, to an Omni-channel online
digital platform, the Company’s Financial exchange portfolio of
software and services encompasses domestic and international money
remittance, foreign exchange (Forex), pre-paid gift cards, utility
payments, travel services and technologies for insurance, bus
information systems, lending and wealth management across 75+
countries including India. EbixCash has Forex operations in
approximately 16 international airports, including Delhi, Mumbai,
Mumbai, Hyderabad, Chennai and Kolkata. EbixCash is a leader in the
international remittance business based on gross transactional
value. EbixCash, through its travel portfolio (Via.com and
EbixCash.com), is one of the leading travel exchanges based in
India and catering to Southeast Asian markets, with over 517,000
agents and approximately 17,900 registered corporate clients.
EbixCash's financial technologies business offers software
solutions to various clients in the areas of wealth, asset and
lending management, insurance and bus information systems.
EbixCash's business process outsourcing services provide
information technology and call center services to a variety of
industries. For more information, visit the Company’s website
at www.ebixcash.com
Disclaimer:
EbixCash Limited is proposing, subject to
receipt of requisite approvals, market conditions and other
considerations, to make an initial public offer of its equity
shares and has filed a draft red herring prospectus (“DRHP”) with
the Securities and Exchange Board of India. The DRHP is available
on the website of the SEBI at www.sebi.gov.in as well as on the
websites of the book running lead managers, Motilal Oswal
Investment Advisors Limited at www.motilaloswalgroup.com, Equirus
Capital Private Limited at www.equirus.com, ICICI Securities
Limited at www.icicisecurities.com, SBI Capital Markets Limited at
www.sbicaps.com and YES Securities (India) Limited at
www.yesinvest.in, respectively, and the websites of the stock
exchange(s) at www.bseindia.com and www.nseindia.com, respectively.
Investors should note that investment in equity shares involves a
high degree of risk and for details relating to such risk, see
"Risk Factors" of the RHP, when available. Potential investors
should not rely on the DRHP for any investment decision.
About Ebix, Inc.
With approximately 200 offices across 6
continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide
on-demand software and e-commerce services to the insurance,
financial services, travel, 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.
Through its various SaaS-based software
platforms, Ebix employs thousands of domain-specific technology
professionals to provide products, support and consultancy to
thousands of customers on six continents. For more information,
visit the Company’s website at www.ebix.com
CONTACT:
Satish Sapru
satish.sapru@Ebix.com or +91 99990 13426
Darren Joseph
IR@ebix.com or +1 678 281 2027
David Collins or Chris Eddy, Catalyst Global
ebix@catalyst-ir.com or + 1 212-924-9800
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