EbixCash – HDFC Gift Card, Money Transfer and many more !!
- 3 September 2020 | 543 Views | By Abhinav Mishra
EbixCash is a child company of Ebix Inc. which is a leading supplier of E-commerce services and On-Demand software solutions to the insurance industry. The Ebix group of companies trades on the NASDAQ Global Select Market.
What is EbixCash?
EbixCash is a medium which provides foreign exchange support in terms of insurance, investment, finance, and provides crucial assistance in export currency and investment advice. It also allocates financial products such as fixed deposits, mutual funds, life, and non-life insurance, government securities. Even before demonetization, EbixCash was revolutionizing the payments industry in India.
They have a strategy called ‘Phygital’ meaning combining physical experience with digital. Using this strategy they have combined more than 3,20,000 physical distribution outlets to an Omni-channel online digital platform. They operate in a lot of verticals like travel management, end to end logistics solutions, prepaid cards, lending solutions, wealth and asset management solutions, recharge and bill payments, health services, money transfer, foreign exchange service, and online education.
Why is Ebixcash a Market Leader?
Plastic currency plays an important role in today’s world. You won’t be too comfortable carrying a lot of cash when you go out. EbixCash delivers just that and makes it easy. It is a market leader for many reasons, some of them are:
Making Payment Easy
They have been into the Indian market for over a decade now and have a deep understanding of what consumers what and what kind of products work in the market. With their prepaid cards and gift cards, the payment becomes very efficient and easy. A lot of corporate houses use EbixCash cards for monetary disbursements. Some partner companies are Lifestyle, Book My Show, Amazon, Pizza Hut, and Myntra.
The prepaid cards offered by EbixCash are valid in stores across the nation. Earlier, reimbursing funds from the company was a big task for an employee but with payroll card, transport, and petro card options, an employee can very easily receive their dues from the company.
For every partner retailer, EbixCash offers a POS service which lets them get a capital loan of Rs 1 lacs. Since their partners are growing, the end customers would be happy which will make sure EbixCash is growing.
You don’t need to have different digital wallets to pay your electricity, gas, landline, mobile, and water bill payment. You can pay all your bills just with a touch.
EbixCash has partnered with BSE and is offering insurance policies of all types – health, motor, fire, and many more. Why would you buy insurance from them when there are so many other providers? You can browse policies in over 1 lakh physical locations they have across the country or you can do the complete process online with no human intervention.
EbixCash allows seamless online money transfers domestically, and internationally. You can transfer money efficiently using EbixCash just with the app on your phone.
How do I use EbixCash online?
You can register to www.ebixcash.com using your phone number and email address. You will also have to provide one of these identity proofs – Driver License, Passport, PAN Card, or Voter Id card. The mobile number has to be verified using OTP. Once registered successfully, you can use your wallet by logging at its website
How do I get my Itz Cash Card?
ItzCash card is offered by EbixCash child company ItzCash Card Ltd and offers a multi-purpose reloadable prepaid card in association with HDFC Bank, IDBI Bank, and DCB Bank and Visa/MasterCard network partners. It is a safe, convenient, and secure way to handle cash and managing your transactions.
Below is how you can get your Itz Cash Card:
- Visit ItzCash World Outlet
- Fill the application form
- You need to submit an address and ID proof along with passport size photographs
- The card will be activated in 3 working days after you submit address and proof identity
- Upon card activation, you can start using the card for online transactions and at merchant outlets supported by Visa/MasterCard
- You can also upgrade your card, after upgrading the card, within 3 business days, customers can use the card at any Visa/MasterCard supported ATM. The limit on the card is upgraded from Rs. 10,000 per month to Rs. 50,000 at any point in time
What are the features of Itz Cash Card?
- Safety – you can store your money safely on the prepaid card
- Accessibility – you can access your funds stored on the card anytime and from anywhere
- You can reload the card any number of time from an ItzCash World Outlet
- No bank account required
- Accepted at all Visa/MasterCard network ATMs, online, and in merchant outlets
What is EbixCash studio?
EbixCash has come up with a unique tie-up with Republic Media Network. In this partnership, they have come with 6,000 square feet of space – a first in the news television industry across the world, wherein a brand and a news channel seamlessly integrate to rebrand a studio. This space, known as EbixCash studios, will deliver breaking news, round-the-clock bulletins, interviews, and customized news integrations. EbixCash Studio will get high visibility across all Republic Media Network platforms such as Republic TV, Republic HD OTT, Republic Bharat, and Republic World.
What are the different lending solutions provided by EbixCash?
Lending Origination System – This is software designed to seamlessly process credit card and loans application for banks and financial institutions. The software has the ability to completely automate the process. This web-enabled platform allows business users to configure Products, Application Scorecards, Workflows, and Customer Communication Templates for evaluating loan applications and maintain high service levels of borrowers.
Lending Management System – helps automate the management and servicing of multiple lending software portfolios on a single platform. The solutions provide a comprehensive set of customer and account centric business operations which enable companies to be more agile and offer front office customer support capability.
Debt Collection software – enable companies to achieve higher automation levels of the collections processes and hence minimize outsourcing costs and maximizing ROI by rationalizing the cost of collection.
Partnership with MoneyGram
EbixCash is bringing cash card solutions to India with its partnership with MoneyGram. MoneyGram is an international provider that works around money transfer services. With this association, EbixCash will be able to plug into the MoneyGram platform and access their customer-centric capabilities and services.
MoneyGram will benefit from this strategic partnership as it will bring enhanced services to millions of consumers across Ebix’s 320,000 distribution outlets – 4,000 cities, 768 districts, and more than 75,000 villages. This partnership will also increase the coverage of MoneyGram in rural areas.
While EbixCash customers in all these locations can tap the MoneyGram platform and receive money from friends and family around the world.
What is HDFC EbixCash?
HDFC EbixCash is a corporate gift card that offers a wide range of products. The cards can be used at over 700,000+ merchant establishment accepting Rupay and Visa cards. You can purchase the card for any value with denomination ranging from Rs. 100 to Rs. 10,000. If the card is stolen, the cardholder need not worry since it comes with a range of security features designed to protect cardholders from unauthorized purchases. The gift card is valid for three years and is non-reloaded. The cards can be used for both purchases at shops and online transactions over the internet.
How do you use a gift card online?
Gift cards are more or less the same as any other physical cards like credit and debit cards when it comes to usage. When you go to the Checkout on any online platform, it will ask you what mode of payment you want to use. You can select Gift Card, and then it will prompt you to enter the number on the Gift Card that you had received. Whether you have a physical one or a virtual Gift Card, both will work in the same manner.
How can I check my HDFC gift card balance?
You can find the HDFC Gift card balance by visit the help desk or store counter. You can also visit the nearest HDFC bank ATM and check the balance on your card. You can also check the balance online using your HDFC account.
Other striking features of EbixCash from other verticals
- EbixCash’s Forex operations has operations in 29 international airports, hundreds of corporates, 12 ports, Hotels, DFS, educational institutes, temples, etc., conducting over $ 5 Billion in gross transaction value per year.
- The travel portfolio of EbixCash is one of Southeast Asia’s leading travel exchanges with over 2,200+ employees, 212,450+ agent network, 25 branches, and over 10,000 corporate clients. They process an estimated $4 Billion in gross merchandise value per year.
- EbixCash’s Ask a doctor provides the most comprehensive source of consistent, interactive, and credible healthcare information available today.
- EbixCash’s SmartClass E-learning venture with more than 70,000 content classrooms is one of India’s fastest-growing and leading E-learning companies.
The company is into many verticals and even plans to come up with an IPO by mid next year. However, if you access their website, it looks quite outdated and most of the pages on their wallet website are not functional. In the current scenario, where user experience is of prime importance, EbixCash has to work more on that front.