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 Limited, which holds an RBI Authorised Dealer Category-II licence, has partnered with Luxembourg-based Banking Circle S.A. to simplify cross-border payments. The tie-up will enable direct settlements through local clearing rails across key corridors including the UK, EU, US, Canada, Australia, Singapore, and the GCC. The collaboration is primarily targeted at Indian students and travellers, offering faster transfers, lower costs, real-time tracking and improved compliance, with future plans to extend the service to SMEs and corporate remittances pending regulatory approval. Eraaya Lifespaces, which acquired Ebix Inc. in June 2024, is positioning EbixCash as a core payments vertical within its group.
Positive for shareholders — this partnership strengthens EbixCash's remittance business by giving it infrastructure-grade, direct settlement capabilities rather than relying on agent-based transfers, which could improve margins and competitive positioning in India's growing cross-border payments market. No immediate financial impact or capital raise is indicated, but it supports the long-term value of the Ebix acquisition.