EbixCash and Banking Circle Team Up to Simplify Cross-Border Paym

Eraaya Lifespaces Limited announced that its Indian subsidiary, EbixCash World Money Limited, has entered a strategic partnership with Banking Circle S.A. The tie-up aims to simplify and accelerate cross-border payments for Indian students, travellers, SMEs and corporates by enabling direct settlements through local rails across key global corridors.

Partnership to Simplify Cross-Border Transfers

The collaboration will enable direct settlements across the UK, EU, US, Canada, Australia, Singapore and GCC markets, moving away from agent-based transfers to an infrastructure-grade payments model. 

EbixCash will open multi-currency nostro accounts, introduce virtual IBANs and structured references, and provide real-time tracking to reduce delays, lower intermediary costs, and improve reconciliation and compliance. The company’s RBI Authorised Dealer Category II licence underpins the arrangement, allowing fully compliant international transfers.

Operational and Market Impact 

Banking Circle brings a correspondent banking network, multi-currency accounts and local clearing capabilities, while EbixCash contributes remittance expertise and regulatory compliance. 

As per the exchange filings, Mishal Ruparel, Chief Commercial Officer, Banking Circle, said, “We are creating a future-ready platform that will address current market gaps and redefine how India connects with the global economy. Our correspondent banking network, coupled with EbixCash’s AD-II and remittance expertise, will enable cross-border payments that are faster, more transparent, and fully compliant.”

About Banking Circle, Ebix Group and Eraaya Lifespaces Limited

Banking Circle S.A. is a Luxembourg-based Société Anonyme regulated by the CSSF, with branches in Denmark, Sweden, Germany and the UK and subsidiaries in Liechtenstein, Singapore, Australia and Norway. 

Ebix Group is a global software and e-commerce provider operating across six continents in insurance, financial services, travel and healthcare. Ebix was acquired by Eraaya Lifespaces Limited in June 2024, and its headquarters moved from Atlanta to India. Eraaya Lifespaces is a luxury lifestyle and hospitality conglomerate expanding into fintech through its Ebix acquisition. 

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Eraaya Lifespaces Limited Share Price Performance 

As of October 10, 2025, at 3:30 PM, Eraaya Lifespaces share price is trading at ₹35.77 per share, reflecting a gain of 4.96% from the previous closing price. Over the past month, the stock has declined by 19.16%.

Conclusion

The EbixCash–Banking Circle tie-up marks a structural shift in India’s cross-border payment architecture, promising faster, more transparent and compliant international transfers for a range of users.

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