EbixCash Wins 3 -Year Contract from Amritsar International Airport

NOIDA, India and JOHNS CREEK, Ga., Sept. 29, 2022 (GLOBE NEWSWIRE) -- 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.