Ebixcash World Money India Limited (currently Delphi World Money Limited) Overview
Pro stress-test →Ebixcash World Money India Limited provides money changing and transfer services, primarily offering foreign exchange and outward and inward remittance services, prepaid and gift cards, and travel insurance services for corporate and retail clients. The company was formerly known as Ebixcash World Money India Limited and changed its name to Delphi World Money Limited in August 2021. As a subsidiary operating under a larger fintech ecosystem, the company serves India's growing remittance and forex markets.
Strategic Profile
Pro stress-test →EbixCash has emerged as India's largest end-to-end financial exchange, with a last mile network of over 650,000 physical distribution outlets besides an omni-channel online digital platform. The company was founded in 1985 and is based in Mumbai, India. The dual physical-digital "phygital" model provides significant distribution advantages in India's underbanked regions.
Competitive Landscape
Pro stress-test →The company maintains a larger physical network than India's largest banks with approximately 650,000 distribution points including 50,000 bank branches serving as remittance outlets. Faces competition from digital payment platforms, international money transfer operators, and traditional banking channels offering remittance services. Primary advantage lies in last-mile physical distribution in underbanked regions.
Industry Context
Ebixcash World Money India Limited (currently Delphi World Money Limited) operates in Financial Services - Money Transfer & Foreign Exchange.
Key facts
Founded: 1985 · Headquarters: Mumbai, India · Employees: 0 (per latest data) · Market cap: ₹328 Cr (~$39M USD equivalent)