Ebix

Delphi World Money acquires equity stake and management control in Ebix Travels to expand beyond forex and build an integrated travel and financial services ecosystem

Ebix Technologies, Indian subsidiary of Eraaya Lifespaces, on Tuesday announced securing a Rs 140 crore contract from Maharashtra State Road Transport Corporation for the first state-wide rollout of the National Common Mobility Card for concessionaires in India. Once fully operational, the project is expected to clock transactional volumes to the tune of Rs 2,000 crore annually, boosting the entity's digital transaction ecosystem and passenger convenience, Ebix Technologies Limited, earlier known as EbixCash, said in a statement. In November 2022, the company was awarded a contract to supply and maintain 38,622 Android-based Electronic Ticketing Machines (ETMs) integrated with an online reservation system. This mandate has successfully facilitated the issuance of approximately 220 crore passenger tickets in the past two years, Ebix Technologies said, adding that this network spans MSRTC's fleet of over 16,000 buses, serving more than 13 crore passengers monthly across urban and rura

Publicly traded Ebix is the parent of Indian fintech company EbixCash, which facilitates payments, foreign exchange and prepaid gift cards.

Take into account transaction fee, conversion fee, and exchange-rate mark-up when comparing players' costs

'Under this agreement, BSE Ebix will offer their clients insurance products offered by LIC such as Life and Health, using its omni-channel digital presence'

Demands substantial damages due to alleged breach of agreement

Online travel firm Yatra Online Inc said it was seeking damages against Ebix for breaching terms of their merger agreement

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'I have a 26 per cent stake in the parent company, Ebix Inc. The new agreement says I will get to keep this irrespective of whether I stay on, get fired, or leave,' says Robin Raina

The JV will make use of the reach of both BSE and EbixCash, which spans over 300,000 outlets across the country

The company said it has signed a deal with Cox & Kings to transfer it's business travel agreements with corporates in India with EbixCash's Mercury Travel division

Routier is pioneering a cloud-based technology to change the way people move and receive inland goods in India

Ebix continues to keep its eyes open for more companies to buy, to further its hold over the Indian market

Will Ebix be able to compete with Byju with investors such as Sequoia, the Chan Zukerberg Foundation and China's Tencent?

Ebix, an IT services vendor to the financial sector, today said it will acquire the money transfer business of BSE-listed Transcorp International for USD 7.4 million or Rs 46 crore in an all-cash deal. This will be the Noida-headquartered company's fourth remittances-related acquisition in the last five months and will increase its share in the inward international remittance market to up to 80 per cent, it said in a statement. The acquisition is being done through one of its Indian subsidiaries present in the domestic remittance market, Ebixcash, it said, adding that it is subject to regulatory approvals which should take about two months. Ebix has entered into an agreement to acquire the Money Transfer Service Scheme (MTSS) business of the BSE-listed Transcorp International. Ebixcash's chief growth officer, Bhavik Vasa, said, "Post announcing our USD 200 million growth fund for India, this is our fifth M&A deal, solidifying our leadership position across digital ...