Ebix Takes Leadership Position in Digital Payments Market in India via Acquisition of 80% Stake in Fast-Growing ItzCash - Seite 2

Key Strengths

• With a retail distribution network of 75,000+ distribution outlets spread across 3,000 cities in the country, ItzCash can address the needs of consumers in far flung areas that no other peer company has been able to reach. This assumes specific importance considering that more than 80% of transactions in the country are still cash based and only 53 urban cities have a population of more than one million people.
• ItzCash has the most expansive spectrum of payment solutions in the country, targeted at the Retail, Government, Campus and Corporate sectors.
• ItzCash retail offerings include -- Shopping, Utility bill payment, Travel bookings, Cinema bookings, Prepaid gift cards, money remittance, insurance premium payment, property tax payment, Direct to Home (DTH) Cable & Satellite and Mobile payments etc.
• ItzCash Corporate, Campus and Government solutions include -- Corporate gifting, cash management, purchasing, Travel bookings, incentives & awards, payroll & expense, Government benefits and a wide variety of solutions for the Campus, Health and Club sector.
• The Company is recognized as a leader in the Gift card space with brand gift cards across all categories with 100+ Brand copartners like Amazon, Flipkart.com, Croma, Lifestyle, Big Bazaar, Tanishq, BookMyShow.com, Reliance Digital, MakeMyTrip.com, Café Coffee Day, Pizza Hut, Myntra.com, Pantaloon etc.
• The Company is a leader in the utility payment space serving as a payment exchange for large utility providers like BSES, Tata Power, NDPL, Reliance Energy and Mahanagar Gas etc.
• The Company's clients in the travel booking area include leading players like IRCTC, Yatra.com, makemytrip.com, redbus.in, Thomas Cook, Cleartrip and ibibo etc.
• The Company has a similar portfolio of blue-chip clients in other sectors like DTH, mobile, telecom, money remittance, shopping and entertainment etc.
• Having deployed 25,000 point of sale machines in the last 5 months, the Company plans to deploy 100,000 point of sale wireless machines across the country coupled with its 75,000+ strong distribution network, providing a unique ability to serve as ATM outlets for payment withdrawal in small cities and rural areas where there is a paucity of ATMs.

Complementary Strengths and Synergies