EBS is one of the pioneers in the online payment processing industry and one of the very few private players in the market with a revolutionary combination of IT firm and Financial Institution.
EBS witnessed commendable growth over the years with a 300% increase in its merchant base. We won the confidence of the Industry, Banks as well as Payment Card industry brands as a prominent player in the market. This was evident as more banks showed interest in associating with EBS which subsequently led to EBS being enrolled as Member Service Provider with multiple banksEBS priority had always been a merchant centric approach, business ethics and implementation of Banking and Payment Card industry regulations, which helped EBS to establish its brand image.
Follow of stringent merchant recruitment procedure & austere verification of transactions helped qualify EBS as the most preferred provider by banks & payment brands!! Following business principles paid off with EBS surviving repercussions of new regulations imposed by Banks & Card Brands to protect the system, while many established players had to shut shop.
EBS has successfully managed to retain as one of the 3 top payment processing providers in the country within a very short span of time. From the days of huge investments, deposits, high cost of operations, risky business; the industry is now backed by qualitative technology offering high returns, The Result …………. Simplified solutions, Secured operations & eventually More profits.
Several players entered the market, but only a selective few sustained. We decided to stick on, be patient, build a brand, fortify the business. Things would change! It did. It was pure design and vision and not sheer luck. Being a leader we chose to participate aggressively & intelligently. Qualitative or Quantitative. We achieved both. Our system is designed with a hi-tech backend integrated to a astoundingly user friendly system - simple and easy for the merchants to operate.
On September 22, 2011, EBS announced that Ogone, one of Europe’s leading payment service provider, has entered into a binding agreement to acquire the company. EBS continue to operate under its current management structure and market approach and EBS's senior management remain in charge of the operational business.