EbixCash Enhances International Payments for Students and Travellers
EbixCash has enhanced its international payment services for Indian students and travellers. The company can now facilitate direct settlements via local rails across major corridors worldwide, thanks to a strategic partnership with PNC Bank.
T. C. Guruprasad, MD & CEO - Payment Solutions, EbixCash, spearheaded this collaboration. It enables EbixCash World Money to offer faster and more transparent international money transfers. Mishal Ruparel, Chief Commercial Officer at PNC Bank, revealed that this development aligns with their global expansion strategy.
PNC Bank's virtual IBANs and structured references will simplify cross-border payments. They eliminate hidden costs, improve traceability, and streamline reconciliation. This move also paves the way for scalable cross-border payout capabilities for SMEs and corporates, subject to regulatory approval.
Through this partnership, EbixCash now offers Indian students, travellers, and businesses speed, transparency, and control in cross-border payments. The service covers key corridors like the UK, EU, US, Canada, Australia, Singapore, and the GCC, driving efficient and fully compliant international payments.
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