Business Update27 Jul 2026, 03:30 pm
EbixCash Integrates with BHIM UPI, Enhancing Wallet Utility
AI Summary
Ebix Limited, through its payments arm EbixCash, has integrated its Prepaid Payment Instrument (PPI) Wallet with BHIM UPI. This integration allows over 1.4 million active EbixCash wallet users to link their wallets and make UPI payments across millions of merchants nationwide. The move is expected to enhance wallet utility, accelerate customer activation, increase transaction frequency, and support EbixCash's long-term payments growth strategy. The wallet currently processes approximately ₹2 crore in monthly transaction value, with around 100 new users onboarding daily. EbixCash plans to extend this interoperability to other UPI platforms like Google Pay and PhonePe.
Key Highlights
- EbixCash wallet now integrated with BHIM UPI for seamless payments.
- Enhances utility for over 1.4 million active wallet users.
- Aims to accelerate customer activation and transaction frequency.
- Supports company's long-term digital payments growth strategy.
- Plans to expand interoperability to other UPI platforms.
Price Impact
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