Video: Why Naveen Surya sold ItzCash for Rs 800 cr to Ebix
The deal was one of the largest transactions in financial technologies and payments space in India, this year.
Mumbai-based digital payments company ItzCash, sold its 80 percent stake to US- based software firm Ebix, making it one of the largest acquisitions in digital payments space in last 12 months.
With the transaction, Ebix got an entry into India’s prepaid wallets, cards and bill payments space, which is dominated by players such as Paytm, Oxigen and others.
WATCH | Naveen Surya on future of digital payments in India and why he sold ItzCash for Rs 800 cr