US-based Ebix to invest $120m for stake in Indian digital payment provider ItzCash

US-based Ebix to invest $120m for stake in Indian digital payment provider ItzCash

ItzCash on Wheels outreach program in Ludhiana. Photo: ItzCash Facebook Page

US-based software firm Ebix Inc will pay Rs 800 crore ($120 million) for a majority stake in Indian payment provider ItzCash, the companies said on Wednesday, the latest foreign investment in India’s booming digital payments market.

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