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Jun, 26 2015

ItzCash discloses a robust growth plan

Prepaid solutions provider, ItzCash is robust on growing its presence in India via franchising.

Prepaid solutions provider, ItzCash is robust on growing its presence in India via franchising. It is planning to open 25,000 outlets in tier I to V cities across the country in a couple of years. It is looking forward to increasing its store count. Presently it has 75 thousand stores. As a part of its expansion plan, it shall take its store count to one lakh.

ItzCash has a wide franchise network across the country. It serves a large B2B customer base, from private sector to government and multi-national corporations as well. Naveen Surya, MD, Itz Cash Card Limited says, “Some of the outlets that we will be opening will offer banking services soon after the company will get the banking license from Reserve Bank of India (RBI). The area of each store will vary from 100 to 400 square feet. The investment will vary from store to store pertaining to the geographies.”

ItzCash Card Ltd is a part of The Essel Group. It was launched in 2006 and has evolved from being India’s first and largest non-bank entity to offer prepaid cash cards to the leading holistic payments solutions company at present. It boasts of being the first company, which has been issued the Certificate of Authorization by the RBI under the Payment and Settlement. The Essel Group strives impart valuable services to the communities that it serves – shareholders, customers, employees and vendors.

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