EbixCash expands wallet utility through BHIM UPI, eyes higher customer activation

2026-07-27 06:34:39 Business

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July 27, 2026: EbixCash, one of India's leading digital payments and fintech solutions providers, today announced that its Prepaid Payment Instrument (PPI) Wallet is now discoverable on BHIM UPI, enabling its over 14 lakh active wallet users to seamlessly link their wallet and make UPI payments using their wallet balance across merchants accepting UPI QR payments.

The integration represents a significant milestone in EbixCash's digital payments journey, bringing its wallet into India's interoperable UPI ecosystem. The wallet currently processes approximately ₹2 crore in monthly transaction value, with onboarding momentum of nearly 100 new users joining the platform every day.

By integrating with BHIM UPI, the EbixCash Wallet becomes part of customers' existing UPI payment experience, allowing them to use their wallet balance for QR-code-based payments without relying on a separate payment journey. The move aligns with the National Payments Corporation of India's (NPCI) vision of a more open, interoperable and inclusive digital payments ecosystem, enabling prepaid payment instruments to participate seamlessly within the UPI infrastructure.

Commenting on the announcement, Mr. Sharan Pardeshi, AVP – Product & Alliances, EbixCash, said, "Digital payments are increasingly moving towards interoperability, where customers expect the flexibility to use their preferred payment instrument across platforms. For a wallet business, discoverability on BHIM UPI is what turns stored value into everyday spending power, customers no longer need to think of their wallet balance as separate from their regular UPI payments. That shift is what will compound registrations, transaction volumes and merchant usage over the coming months."

The BHIM UPI integration also an important part of EbixCash's broader digital payments strategy, with plans to further extend wallet interoperability to additional UPI platforms, including Google Pay and PhoneP, enabling customers to access and use the EbixCash Wallet across an even wider digital payments ecosystem.

About Ebix Group

EbixCash is India's leading end-to-end digital financial services platform, combining an omni-channel digital presence with a nationwide physical distribution network of over 650,000 outlets. The company operates across payments, international and domestic remittances, foreign exchange, prepaid cards, travel, insurance, and financial technology, integrating front-end distribution with back-end technology. EbixCash's products are accessible digitally and through its extensive network spanning 4,000 cities and 75,000 villages across India.

About Eraaya Lifespaces Limited

Eraaya Lifespaces Limited (EBIX | 531035 | INE432F01032) is a global holding company of Ebix Inc. and its worldwide subsidiaries. Following a strategic transition in 2024, Eraaya has evolved from its conventional roots in lifestyle and hospitality into a diversified, technology-led holding platform with operations across 13 countries serving enterprise & consumer markets worldwide.

Through Ebix Inc. and its operating global subsidiaries, Eraaya has built a strong global presence across four core business segments: Technology, Payments, Travel, and Emerging Businesses.

The technology platforms business delivers on-demand software, SaaS solutions, and digital exchanges that support insurance, reinsurance, financial services, healthcare, risk and compliance and many more software products catering to various service segments.

The cash payments segment provides technology-enabled payment solutions and financial transaction platforms catering to diverse use cases across geographies.

Ebix Travel is one of the group's key verticals, offering end-to-end travel distribution solutions, including booking platforms, payments integration, and digital marketplaces that serve airlines, travel agencies, corporates, and consumers across international markets. In parallel, the company's emerging businesses include e-learning, focused on delivering digital education and training solutions designed to support skill development and professional learning at scale.

These businesses enable Eraaya to operate across enterprise and consumer markets, supported by global delivery capabilities, long-standing client relationships, and process-driven platforms.