Ebix Limited (formerly Eraaya Lifespaces Ltd) announced on July 27, 2026, that its digital payments platform, Eraaya Lifespaces , has integrated the EbixCash Prepaid Payment Instrument (PPI) wallet with BHIM UPI. This integration enables over 14 lakh active wallet users to seamlessly link their wallets and execute UPI payments across millions of merchants nationwide, significantly expanding wallet utility and supporting the company’s long-term payments growth strategy.

The filing was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The integration marks a key milestone in bringing the EbixCash wallet into India’s interoperable UPI ecosystem, aligning with the National Payments Corporation of India’s (NPCI) vision for an inclusive digital payments infrastructure.

Key Operational Metrics

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, customers can use their wallet balance for QR-code-based payments without relying on a separate payment journey, effectively merging stored value with everyday spending power.

Strategic Impact and Future Plans

Sharan Pardeshi, AVP – Product & Alliances at EbixCash, stated that interoperability is critical for turning stored value into everyday spending power. He noted that discoverability on BHIM UPI removes the friction of treating wallet balances as separate from regular UPI payments, a shift expected to compound registrations, transaction volumes, and merchant usage in the coming months.

This integration is part of a broader strategy to extend wallet interoperability to additional UPI platforms, including Google Pay and PhonePe. These future integrations aim to enable customers to access and use the EbixCash Wallet across an even wider digital payments ecosystem.

What the Numbers Show

While the current monthly transaction value of ₹2 crore indicates early-stage adoption relative to the 14 lakh active user base, the integration with BHIM UPI addresses a critical liquidity and usability constraint for prepaid wallets. By removing the need for a separate payment app or journey, the platform leverages the existing high-frequency usage patterns of UPI. The daily onboarding of nearly 100 new users suggests steady organic growth, which this interoperability feature is designed to convert into higher transaction frequency and deeper engagement.

EbixCash World Money Limited, a subsidiary of Ebix Limited (formerly known as Eraaya Lifespaces Ltd), has received approval from the Reserve Bank of India to undertake trade remittances, becoming the first non-bank institution in India to receive such authorization. The approval expands the scope of EbixCash World Money's existing perpetual Authorised Dealer Category-II (AD-II) licence, allowing it to operate in a segment of cross-border payment services traditionally serviced by banking channels. This development marks a significant milestone in the evolution of India's regulated cross-border payments ecosystem.

The approval enables EbixCash World Money to undertake trade remittances in accordance with the Foreign Exchange Management Act (FEMA) and directions issued by the Reserve Bank of India. By entering this segment, the company aims to support India's growing integration with global markets, expanding merchandise trade, and increasing participation of MSMEs in international commerce. The company expects sustained demand for efficient, technology-enabled, and compliant payment solutions in this area.

Strategic Expansion and Capabilities

EbixCash already operates a foreign exchange and cross-border payments business supported by a nationwide distribution network and a technology-driven operating platform. The addition of trade remittance capabilities builds upon these existing strengths, enabling the business to offer a broader suite of integrated and regulated cross-border payment solutions through a single platform. The move aligns with the group's long-term strategy of building a diversified, technology-led platform serving customers across multiple markets.

Management Commentary

T. C. Guruprasad, CEO & Managing Director of EbixCash World Money Ltd., stated that the approval marks an important milestone and expands the range of regulated solutions the company can provide. He emphasized the company's commitment to maintaining high standards of regulatory compliance, governance, and operational excellence. Guruprasad noted that the approval allows the company to extend its capabilities into a new market segment, better serving businesses engaged in international trade.

The CEO highlighted that the long-term opportunity in cross-border commerce is significant, with businesses increasingly requiring integrated payment solutions that combine technology, compliance, and operational efficiency. He affirmed that Ebix is well-positioned to participate in this evolving landscape and remains focused on delivering sustainable value to customers, partners, and shareholders through disciplined execution and responsible growth.

About Ebix Limited

Ebix Limited (formerly known as Eraaya Lifespaces Ltd) is a global holding company of Ebix Inc. and its worldwide subsidiaries. Following a strategic transition in 2024, the company evolved into a diversified, technology-led holding platform with operations across 13 countries. Its business segments include Technology, Payments, Travel, and Emerging Businesses, serving enterprise and consumer markets worldwide.