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Ebix completes acquisition of money transfer service biz of Transcorp

Ebix Inc. completed the acquisition of the money transfer service business of Transcorp International Ltd.

The Transcorp International Inward Remittance deal includes 7,500 distribution outlets and 40 branches that process approximately 1.7 million transactions per year.

The acquisition increases the EbixCash Financial Exchange to 231,500 physical distribution outlets, Ebix said.