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EbixCash Signs Strategic Partnership With MoneyGram

Hot off the press – EbixCash has signed an exclusive strategic partnership with MoneyGram. EbixCash is a wholly-owned subsidiary of Ebix, Inc, an international supplier of on-demand software and e-commerce services to the insurance, financial, healthcare and e-learning industries.

EbixCash and Monegray have signed a strategic partnership, to bring enhanced services for consumers across India. With this partnership, MoneyGram will be able to reach additional consumers through Ebix’s 320,000 distribution outlets spread across 768 districts, 4,000 cities, and more than 75,000 villages giving them a large coverage in rural areas, the release said.

EbixCash will be plugging into the MoneyGram platform to access Moneygrams customer-centric capabilities according to Alex Holmes.  This partnership between MoneyGram and EbixCash is expected to bring remittance volumes of $3billion through India.

Chairman, President and Chief Executive Officer of Ebix Robin Raina stated:

“Being a master agent for MoneyGram, our interests will now be perfectly aligned to ensure that MoneyGram’s reach is spread across the length and breadth of India through our strong franchisee network. We see this as a game changing deal,”

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  • John Lowry
    January 13, 2020 at 3:08 pm

    How will this affect the price of XRP?

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