Market Live

Thursday, 25 May 2017

Ebix to invest $120 million for stake in digital payment provider ItzCash

U.S.-based software firm Ebix Inc will pay 8 billion rupees ($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. The deal, which values ItzCash at $150 million, comes as digital payments gain traction in India after the government late last year scrapped old high-value currency notes and started promoting non-cash payment modes. Japan's SoftBank last week invested $1.4 billion in the parent of India's Paytm, which along with MobiKwik competes with ItzCash in the digital wallets business.

Maximise your experience more in Stocks which means you a lot if you are a Financial Trader click here and subscribe us Free for two days click here to get >> http://www.ripplesadvisory.com/nifty-future-.php

Riyanshi

About Riyanshi

Author Description here..

Subscribe to this Blog via Email :

Note: only a member of this blog may post a comment.