It services over 1 million forex transactions annually and is present in 46 cities. In November 2017, Centrum had acquired the microfinance portfolio of FirstRand Bank India.Centrum is also a well-established player in investment banking , wealth management, institutional broking and Insurance distribution.Atlanta-based Ebix is an international supplier of on-demand infrastructure exchanges to the insurance, financial, and healthcare industries. The company has made seven acquisitions in the past one year as it aims aggressively to get into the digital financing space and technology-enabled financial services businesses in the country. It then bought YouFirst Money Express, another remittance entity, for an undisclosed amount. Ebix powers multiple exchanges across the world in the fields of life, finance, health and property and casualty insurance while conducting in excess of $100 billion in insurance premiums annually on its platforms, its website showed.

Source: Economic Times April 02, 2018 03:45 UTC