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EbixCash has formed a strategic alliance with iPiD to improve the safety and accuracy of cross-border remittances for Indian students studying overseas. This partnership will enable students and their families to verify the names and bank account details of educational institutions and individual recipients in key countries such as the UK, USA, France, Belgium, and other regions in Europe, North America, Africa, and South America before making international payments from India.
The innovative service aims to reduce errors and prevent fraud, providing reassurance to students and parents during international fund transfers. iPiD, a leader in global account verification, serves over 6,000 banks across 15 countries, offering a reliable solution for secure cross-border transactions.
T C Guruprasad, Managing Director of EbixCash World Money, expressed enthusiasm about the partnership, stating, “We are pleased to announce the collaboration with iPiD to facilitate pre-verification of cross-border payments for bank accounts globally for Indian students. This service will allow students to make their international payments without errors and hassle through our extensive distribution network.”
Alain Raes, Co-Founder and Chief Commercial Officer at iPiD, emphasised the importance of accurate payee details for smooth transactions, saying, “As a global leader in account verification, iPiD is proud to partner with EbixCash to provide Indian students with a reliable, hassle-free way to manage their international payments.” This service, powered by iPiD, is among the first in India to offer real-time global verification of beneficiary bank account information, enhancing the security and efficiency of remittances for students studying abroad.
