EbixCash expands cross-border payments push overseas

EbixCash plans to expand its cross-border financial services business, focusing on international payments, trade remittances and global money movement.

The Indian payments company says the move builds on recent regulatory approvals and payment infrastructure arrangements that expand its role in overseas transactions.

EbixCash Payment Solutions is regulated by the Reserve Bank of India and holds AD-II, FFMC, MTSS and PPI licences. It says it recently became the first non-bank entity in India to receive RBI approval for trade remittances, extending its scope in cross-border financial flows.

It has also partnered with Banking Circle to access local clearing systems in markets including the UK and the European Union. The arrangement is intended to support settlements across international corridors as it broadens its overseas payments offering.

Cross-border push

The expansion shifts the company's focus towards services tied to the movement of money between India and other markets. EbixCash sees growth opportunities in education payments, travel-related foreign exchange, inward remittances, outward remittances and international business transactions.

The company already has a sizeable domestic distribution network, with more than 100 branches across over 70 cities, a presence at more than 20 international airports and more than 25,000 customer touchpoints.

Its World Money business processes more than 75% of India's cash-to-cash inward remittances, according to the company, giving EbixCash a strong position in one of the country's established cross-border money channels.

The wider payments business spans foreign exchange, inward and outward remittances, domestic and international money transfer, digital wallets, prepaid instruments, and cross-border B2B and B2C payments. Together, these activities give the company exposure to several consumer and business use cases linked to international financial transactions.

Market context

The strategy comes as Indian financial groups look to extend domestic digital payment success into international use cases. Interoperability with overseas payment systems, faster settlement and clearer compliance frameworks have become more important as remittance flows and cross-border commerce grow.

EbixCash says regulatory access and stronger international payment infrastructure are creating the conditions for a broader push into global money movement. It also pointed to technology as a factor in improving international transaction handling, while noting that any such deployment must rest on trust, security, compliance and consumer protection.

Guruprasad T C outlined the company's view of the opportunity in remarks on India's digital finance system and its links with global markets.

"India has demonstrated the transformative potential of digital financial infrastructure at extraordinary scale. The next opportunity is to extend that capability across borders and make global financial journeys more seamless. At EbixCash, we have built significant scale across payments, foreign exchange and remittances, and we are now expanding our ability to support a broader range of international financial flows. For us, the opportunity is not simply about moving more money across borders; it is about removing friction from the entire financial journey. Whether it is a student making an education payment, a traveller accessing foreign currency, an individual receiving money from overseas or a business settling an international transaction, there is significant scope to make these experiences faster, simpler and more transparent. Emerging technologies such as Agentic AI and tokenisation can further accelerate this evolution, provided they are deployed with strong foundations of trust, security, compliance and consumer protection," said Guruprasad T C, Managing Director & CEO, Ebix Payment Solutions.

Regulatory footing

EbixCash's market position rests partly on the range of licences it holds within India's regulated payments and foreign exchange framework. AD-II status allows authorised dealing in foreign exchange for specified purposes, while FFMC, MTSS and PPI permissions support money changing, money transfer and prepaid payment activity.

This regulatory footing matters because cross-border financial services in India remain tightly supervised. Companies seeking to scale overseas payments need both approval to handle different transaction types and links to banking and clearing networks abroad.

EbixCash is examining new partnerships, technology applications and international corridors as part of its next phase of growth. Areas of interest include foreign exchange, trade remittances, prepaid cards, student fee remittances and maintenance remittances, alongside broader domestic and international payment activity.

With this latest push, EbixCash is seeking a larger share of financial flows between India and overseas markets by combining domestic reach with expanded settlement access abroad. EbixCash World Money has already processed more than 75% of India's cash-to-cash inward remittances, according to the company.