Ebix to invest $120 mln for stake in Indian digital payment provider ItzCash
May 24, 2017 at 08:45 AM EDT
NEW DELHI, May 24 (Reuters) - U.S.-based software firm Ebix Inc will pay 8 billion rupees ($120 million) for a majority stake in Indian payment provider ItzCash, the companies said on Wednesday, the latest foreign investment in India's booming digital payments market.
