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EbixCash sees $15M-$20M a year revenue from travel exchange pact

|About: Ebix, Inc. (EBIX)|By:, SA News Editor

Ebix's (NASDAQ:EBIX) EbixCash Indian subsidiary agrees with international travel exchanges to deliver millions of airline segments annually for a per-segment fee over a five-year period.

As part of the deal, EbixCash collected a cumulative advance of $25M from the international travel exchanges.

The company is targeting cumulative net annual revenue of $15M-$20M a year from the agreement.

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