Press Release
RSS/Syndication
SearchItzCash to invest in safe digital payment option
ItzCash Card Ltd, a subsidiary of Essel Group of Companies, announced Thursday a funding of $10 million by Matrix Partners India and Intel Capital in the company.
- Chembond starts up new plant in Gujarat
- BCCL picks up stake in Manhattan Communications Private Limited
- Venture Infotek takes the lead in Re-Defining Disaster Management
- Bank of Rajasthan revises NRE & FCNR rates
- A historic first, India enters the World Schools Debating Championships
ItzCash Card Ltd, a subsidiary of Essel Group of Companies, announced Thursday a funding of $10 million by Matrix Partners India and Intel Capital in the company.
The company plans to utilise the money towards expansion of payment markets and rollout of innovative products.
Ashok Goel, non-executive chairman of ItzCash, said: 'We will offer a safe and easy payment option to every Indian for seamless transactions across digital and physical domains.'
'It will enable consumers to pay their utility bills without any hassles and will be a potent tool of easy paying option for their shopping,' he added.
On being associated as partner, Avnish Bajaj, co-founder and managing director of Matrix Partners India, said: 'We are delighted to be associated with ItzCash, which we believe is strongly positioned at the intersection of a very large pre-paid card issuance and payments processing opportunity in India.'
Copyright © India PRwire/Indo Asian News Service. Reproduction of news articles or any other content in whole or in part in any form or medium without express written permission of India PRwire is prohibited.