EbixCash Wins Long-term Bus Exchange Contract from North Bengal State Transport Corporation: NOIDA, INDIA and JOHNS CREEK, GA. — September 28, 2022 (GLOBE NEWSWIRE) — The North Bengal State Transport Corporation has awarded EbixCash a multi-year contract to operate a bus exchange system. The North Bengal State Transport Corporation has awarded a prestigious contract to EbixCash Private Limited, a wholly owned subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international provider of On-Demand software and E-commerce services, to design, develop, build, install, maintain, operate, and transfer the Intelligent Transport Management System (ITMS) for all state buses (NBSTC).
This new deal, together with the three contracts currently in place with the Calcutta State Transport Corporation (CSTC), the West Bengal Transport Corporation (WBSTC), and the South Bengal State Transport Corporation (SBSTC), will remain in effect for the next five years (SBSTC). Each of the four agreements will initially last seven years. With this new agreement, EbixCash’s bus exchange solutions will be install in at least 2,800 buses across the state of West Bengal.
Andhra Pradesh State Road:
On March 22, 2022, the Andhra Pradesh State Road Transport Corporation awarded EbixCash a 5-year contract to create an Intelligent Transport Management System (ITMS) for at least 14,950 buses in the state (APSRTC).
Every year, EbixCash’s Bus Exchange Division conducts $1.7 billion in transactions, accounting for more than 30% of India’s bus ticketing system network. It has 14 or more significant state-owned public transportation firms as clients.
Because it integrates with Electronic Ticketing Machines and other applications, EbixCash’s Intelligent Transport Management System (ITMS) makes it simpler to collect fees. Additionally, It might help bus firms minimise losses, provide quicker replies to consumers, monitor and audit financial data in real time, and simplify management information systems and data collecting. People may use their Smart Cards to purchase tickets inside or outside the bus, saving time and effort.
“We are delight,” remark Robin Raina, Chairman of the Board of EbixCash. “It demonstrates that EbixCash technology is implement in a large number of state-own buses, which account for a significant portion of the country’s bus travel today.” This technology includes electronic ticketing machines and the software required to operate them. Furthermore, In keeping with Prime Minister Narendra Modi’s aim of “One Country, One Card,” we are hard at work combining our technology know-how with payment solution cards that can be use everywhere, from online shopping to boarding the bus.
A Quick Overview of EbixCash
Domestic and international money transfers, foreign exchange (Forex), prepaid gift cards, utility payments, travel services, insurance, transportation infrastructure, and other financial exchange software and services are available via the organisation. This is accomplish via a “Phygital” approach that combines, as of December 31, 2021, approximately 650,000 physical agent distribution shops in India and Southeast Asia with an Omni-channel online digital platform. Moreover, Foreign exchange services are available at 16 international airports, including Delhi, Mumbai, Mumbai, Hyderabad, Chennai, and Kolkata. Based on the amount of money moved, EbixCash is the market leader in the international money transfer business.
EbixCash is one of India’s major travel exchangers. It has about 517,000 registered corporate clients and over 517,000 registered agents. Through its travel portfolio, it serves Southeast Asian markets (Via.com and EbixCash.com). EbixCash’s financial technology section uses software to assist consumers manage their money, assets, and loans, as well as their insurance and bus information systems. EbixCash’s business process outsourcing services, which include IT and contact centre assistance, may benefit companies in a variety of industries. Visit discover more about the company, go to www.ebixcash.com.
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Bimal Mardi is a Professional Content Writer. He works in First Santal Broadcast Network TV/ News channel in India. Bimal Maradi writes about Technology, Education and Tech Product Reviews