New Delhi, September 28 2019 : EbixCash, the Indian subsidiary of Atlanta-based multinational Ebix, has signed up with the Fashion Design Council of India (FDCI) as the Associate Sponsor for Lotus Make-up India Fashion Week Spring-Summer 2020.
It’s a perfect match, given that both FDCI and EbixCash devote themselves to helping businesses grow. Moreover, just like FDCI, which sees everyone associated with the world of fashion as a member of its tribe, EbixCash does not differentiate between any of its users.
The similarities don’t end there. FDCI is a pioneer in the fashion industry. For over 20 years, it’s being showing the way to the fashion industry, and creating opportunities and events that bring together top designers, fashion aficionados and buyers in one place. EbixCash too is a pioneer, in the field of finance, travel and insurance, and helps functionalities, diverse entities, providers, banks, travel providers, insurers and consumers converge in one place.
EbixCash is led by its chairman Robin Raina who, in addition to being a dynamic businessman, is also a great philanthropist. Mr Raina is currently involved in building 6,000 homes free of cost for Delhi’s slum dwellers. He also runs many schools for underprivileged children in India, providing education, clothing, and medical care to thousands of kids at any time.
India’s largest fashion event, Lotus Make-Up India Fashion Week, in association with EbixCash, will be held from October 9th to 13th at National Stadium, India Gate.
SatishSapru, Vice President – Marketing, EbixCash said, “FDCI is a pioneer in the fashion industry having led the way for the industry for decades, while creating fashion events that converge top designers, fashion aficionados and buyers in one place. EbixCash today has emerged as a pioneer in the field of finance, travel and insurance, while converging functionalities, diverse entities, providers, banks, travel providers, insurers and consumers in one place while transacting $15 billion plus in gross merchandise value sales. It was but natural for EbixCash to team up with FDCI to promote our respective causes, in a symbiotic manner. We are excited to be using the FDCI platform to promote our various consumer targeted services like EbixCash travel, forex, cabs, insurance, remittance, healthcare and payment solution services.”
“EbixCash is very well known in the remittances businesses, being the lighthouse of the digital cash concept with a network covering 5,500 cities. We are thrilled to have them as the Associate Sponsor for this season. There is harmony between what FDCI offers and EbixCash does; both help businesses grow, so this is an association with similar goals,” said FDCI Chairman Sunil Sethi.
ABOUT EBIXCASH:
· Established in 2006, EbixCash initiated and pioneered the concept of providing ‘digital cash’ to Indian consumers and business entities, with view to enabling a cashless society.
· With a ‘Phygital’ strategy (physical experience with digital backend) that combines over 260,000 physical distribution outlets to an Omni-channel online digital platform, EbixCash has established an Enterprise Financial Exchange portfolio that encompasses leadership in digital payments solutions, money transfer services (domestic & international), travel, insurance and corporate & incentive solutions.
· The portfolio of products can be accessed digitally from anywhere as its distribution outlets are spread over 5,500+ cities, towns, headquarters and villages.
· EbixCash has a dominant leadership position in the inward & outward remittance exchange, and foreign exchange arena in India. It is the largest domestic remittance exchange in India with domestic remittance volume of approximately $100 million per month.
· EbixCash is a recognized leader in prepaid cards, which include temporary gift card, payroll card, transport and petro card, salary cards, and corporate disbursements, among others.
· In the prepaid gift card space, the company has partnered with over a hundred leading brands such as Amazon, Flipkart, Croma, Lifestyle, Big Bazaar, Tanishq, BookMyShow, Reliance Digital, MakeMyTrip, Café Coffee Day, Pizza Hut, Myntra, Pantaloon etc.
· EbixCash is a leader in the utility payment space serving as a payment exchange for large utility providers like BSES, Tata Power, NDPL, Reliance Energy and Mahanagar Gas etc.
· Its joint venture initiative with Bombay Stock Exchange positions it as a gateway for insurance carriers to sell insurance to India’s vast population through EbixCash’s tens of thousands of Phygital outlets across the country, besides BSE’s strong network across the country.
· The company is led by Robin Raina, as Chairman. Mr Raina has extensive experience in conceptualizing, launching and deploying some of the world’s largest exchanges in the field of insurance, reinsurance, finance and healthcare.
· He has a deep understanding of corporate finance and the Indian markets having set up 11 offices with over 2,000 employees. This is in addition to serving consumers, banks, insurance companies, brokers, corporates and various government organizations, as clients of Ebix.
