01. About

EbixCash (a new dynamic avatar of ItzCash) is India’s largest Financial Exchange for payments solutions, money transfer services and corporate & incentive solutions.

Following a strategic investment in May 2017, EbixCash is now a part of US-based and NASDAQ listed company Ebix Inc, a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries.

Established in 2006, EbixCash initiated the concept of ‘digital cash’ to the Indian consumer and various business entities, heralding the beginning towards enabling a less-cash transacting society. The company currently process approximately 600,000 transactions per day, about $2 Billion in annual payment volume and issued more than 110 million accounts to date, with an industry leading transaction success rate of 99%.

With 75,000+ physical retail outlets, the three MTSS (Money Transfer Service Scheme) business acquisitions in 2017 increase the distribution reach substantially to over 114,000 outlets across the country and give the company a direct access to 60 percent market share, making it the largest international remittance player in India. EbixCash is already the largest domestic remittance exchange in India with domestic remittance volume of approximately $100 million per month.

Robin Raina is the Chairman of the board, President and CEO of Ebix Inc. and is ably supported by a strong leadership team of EbixCash, headed by Bhavik Vasa - Chief Growth Officer and Ravi Singh - Chief Business Officer, who have been driving the overall strategic direction and the company’s next phase of growth in India

EbixCash is committed to an additional growth fund to expand operations and also fuel its growth inorganically through a number of strategic acquisitions. The company in towards its vision is on the path of converging the payment solutions, insurance, lending, domestic and international remittances, travel and other related channels into a single platform as the enterprise financial exchange. In addition, it constantly invests in upgrading technology towards creating world‐class Omni-channel payments platforms for the emerging India.

02. Key People

03. Management Team

Bhavik Vasa

Mr. Bhavik Vasa ( Chief Growth Officer )

Bhavik Vasa as Chief Growth officer at EbixCash, leads the charge as Business head alongside Product, Alliances, Marketing & Comms functions. He is a Business leader with over a decade of global experience across Digital Commerce, mobile technologies, financial platforms. At EbixCash, India’s leading payments FinTech, Bhavik has been instrumental for new business roll-outs of Incentives solutions, Prepaid card & Mobile wallet programs. Prior to EbixCash, Bhavik led the expansion and setup of Global Prepaid Exchange (UK) presence across the India & South Asia. Entrepreneurial at heart, Bhavik has been a founding member at Radical Payments and ISTS Worldwide – US based bespoke technology solutions ventures across financial services, retail and mobile payments. Bhavik earned his Bachelors degree with honors in International Business & Management from Northwood University, Florida and has executive training in Entrepreneurship from Stanford University.

Daykin Creado

Mr. Daykin Creado ( Chief Technology Officer )

Mr. Daykin Creado is the Chief Technology Officer at ItzCash Card Ltd and is responsible for establishing & implementing the company’s technology roadmap, strategy & vision. He comes with experience in running enterprise wide, transaction processing intensive, mission critical applications. Prior to EbixCash, he served as Vice President – IT at HDFC Bank Ltd running enterprise architecture, service Oriented architecture and payment related direct banking channels. Mr. Creado comes with strong business technology experience. He has managed and implemented myriad of projects for direct banking channels such as core financial switching (BASE24), Visa/MasterCard/Diners/RuPay/NFS/Cashnet interchanges multi factor authentication, RBI compliance & mandates, point of sale merchant acquiring , e-commerce payment gateway, government payment and integration projects, UIDAI integration, e-KYC, inbound & outbound contact centres, PCI-DSS and many more. He was responsible for roadmap, adoption and implementation of service oriented architecture (SOA) as well as solution engineering and architecture at an enterprise level. He was also involved in a roll out of applications for managing on-boarding of customers for retail assets and various other business intelligence projects such as credit underwriting, 360 degree view of customers etc. Prior to HDFC Bank Ltd, he held roles at Sybase Inc and NIIT Ltd. Born and raised in Mumbai, he holds a Masters degree in Microbiology from the University of Mumbai.

Ravi Singh

Mr. Ravi Singh ( Chief Business Officer & Whole Time Director )

Ravi Singh is Chief Business Officer and heads the retail and product team at EbixCash. Since joining EbixCash in 2012, Ravi has bolstered a leadership position for EbixCash in its new business initiatives in Remittance & Prepaid Cards. As Chief Business Officer and Head of Payments, he is responsible for the strategy & execution of retail payments businesses: building partnerships and broader business relationships. Over two decades, Mr. Singh held senior leadership positions in reputed organisations namely Western Union, Tata Teleservices Limited, Birla 3M Ltd, Hutchison Max Telecom Ltd and Real Value Appliances. His last assignment prior to joining the company was at Western Union as Head of Operations. An alumnus of Mangalore University,Mr. Singh is Six Sigma & Project Management Professional (PMP) certified.

04. Press Coverage and Releases

05. Awards and Accolades

EbixCash Wins the Effie Awards 2014 for the EbixCash Gifting Campaign on Radio One




Mr. Devesh Pandya , CFO ItzCash Card Ltd was conferred an award on 14th March , 2014 by CFO100 . The CFO 100 is an annual initiative to recognise India’s finance leader’s extraordinary contributions to the corporate world.


HT Hot Brands

HT Hot Brands a recognition program that honours the top brands with their Indian/global headquarters in the Mumbai area, nominated EbixCash as one of the ” Top 50 Brand Of Mumbai”.

The Mumbai Brand Summit is the third edition in the Brand Summit series held by Paul Writer. It builds upon the success of Bangalore Brand Summit & Awards and Delhi NCR Brand Summit & Awards. Speakers have included CMOs & CEOs from organisations such as Renault, Pinstorm, LinkedIn, British Airway, GSK Healthcare, Nike, Hewlett-Packard, Nilgiris, Wipro, and many more.

The Hot 50 brands was recognised during the Mumbai Brand Summit and Awards, presented by Hindustan Times which took place at Palladium Hotel, Mumbai .


Brand Trust Report

Indian consumers have voted ItzCash Card Ltd amongst the most trusted Banking Financial Services Brand. EbixCash ranked 19th amongst the 52 BFSI Brands , 1st under the sub category “ Prepaid Services “ covered in this study and 484th amongst 1200 brands in India .

This announcement made in ‘Brand Trust Report 2014′ by Trust Research Advisory, reflects the commitment levels of EbixCash Card to provide quality products to the consumers. The report acknowledges Brands that the consumers put on the highest pedestal of trust based on their conviction that the brands provide unmatched quality products.

With highest levels of innovation backed by breathtaking style and design and unparalleled performance, ItzCash Card Ltd has been successful in winning the hearts of consumers year after year.

About Trust Research Advisory:

Trust Research Advisory (TRA), a part of the Comniscient Group, is a company dedicated to understanding and simplifying concepts related to Trust. TRA was conceived in 2008 to decipher, analyze and measure Brand Trust, to make it universally understood and easily applied. Apart from The Brand Trust Report, TRA also publishes India’s Most Attractive Brands, a study based on TRA’s proprietary Attractiveness Quotient Matrix. Committed to create metrics for better resource allocation for brands, TRA owns the global copyrights to Brand Trust and Attractiveness Quotient Matrices.

About The Brand Trust Report, India Study – 2014:

The Brand Trust Report, India Study, 2014 (ISBN:978-81-920823-6-3), the fourth in the series, is the result of a primary research based on the proprietary 61-component Trust Matrix. This year’s research was conducted among 2,500 consumer-influencers across 16 cities, and generated nearly 5 million datapoints and 20,000 brands, making it the most intensive study on Brand Trust across the globe.




EbixCash wins the Most Innovative Product for Emerging Countries Award under the category “NFC and Mobile Card Readers” at the Knowledgefaber Awards for Excellence in Payment Method and Technologies 2013.


Best Non-U.S.-Based Program

EbixCash Card Ltd. bags an award for the EbixCash Power to Pay Tag program in the ‘Best Non-U.S.-Based Program’ at the 7th Annual PayBefore Awards.


Skoch Brands

Mr Ashok Goel receives the SKOCH Challenger Awards for Technological Innovation at the 2013 SKOCH Awards

EbixCash Card Ltd. bags the prestigious Skoch Financial Inclusion Award 2013 for Freedom Prepaid Card in the Payment category.

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06. Contact