The EbixCash initiative would enable conversion of foreign currency into digital Indian currency, with a UPI interface.
NOIDA, Feb 15 (The CONNECT) - EbixCash Limited has announced that it has become the first company in India to launch and enable Unified Payments Interface (UPI) transactions for foreign nationals visiting India.
EbixCash will shortly carry out a pilot launch in Bangalore at the G-20 summit.
T C Guruprasad, Managing Director, Payment Solutions Division and EbixCash World Money said the initiative would enable passengers convert their foreign currency into digital Indian currency, with a UPI interface to pay for goods and services across the country.
EbixCash World Money, the foreign exchange division of EbixCash Limited holds a leadership position in the 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 20 international airports, and 12 seaports.