ItzCash parent Ebix to acquire Paul Merchants2 min read . Updated: 22 Sep 2017, 04:45 AM IST
The Paul Merchants buyout deal, valued at $40.7 million, is the third acquisition by Ebix in the remittance space in the past two months
Mumbai: Ebix Inc., the parent firm of digital payments company Itz Cash Card Ltd, has acquired the money transfer business of Paul Merchants Ltd through its Indian affiliate, the firms said on Thursday. The deal, valued at $40.7 million, is a slump sale, Paul Merchants said in a note to stock exchanges.
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