Media Release: ''Eraaya Lifespaces Leading Indian Subsidiary Ebixcash Partners With Banking Circle To Simplify Cross-Border Payments Across Major Global Corridors For Indian Students And ....
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Eraaya Lifespaces' subsidiary EbixCash World Money has partnered with Luxembourg-based Banking Circle to simplify cross-border payments for Indian students and travellers. The collaboration enables direct settlements through local clearing rails across the UK, EU, US, Canada, Australia, Singapore, and the GCC. As an RBI Authorised Dealer Category-II licensee, EbixCash can now offer faster, lower-cost and fully compliant international money transfers with real-time tracking. The partnership may later be extended to SMEs and corporate flows subject to regulatory approval, supported by virtual IBANs and structured references that cut hidden costs and improve traceability.
This strategic partnership strengthens EbixCash's position in the foreign exchange and remittance business and validates the earlier Ebix acquisition, potentially adding a meaningful revenue stream. For Eraaya Lifespaces shareholders, it signals execution on the payments vertical and could be a positive catalyst for the stock.