Hyderabad, September 23, 2011: EBS (E-Billing Solutions), the second largest on-line payment provider in India, has announced that Ogone Payment Services, one of Europe’s leading payment service providers, has signed a binding agreement to acquire the company. This acquisition marks Ogone’s first foray outside of the European market and into the rapidly expanding Indian on-line payments market.
However, EBS will continue to operate under its current management structure and market approach and will be responsible for running the operations and the continued expansion of the company. EBS will also retain its name and brand in the Indian market. The EBS board is supported by 3 members of the Ogone Payment Services Board.
Mr Nishanth Chandran, Co-Founder & CEO of EBS, said: “This deal represents a huge opportunity for us to lead the market in India and Ogone Payment Services are the right partner to enable us to get to the number one position in India.”
Mr Peter De Caluwe, CEO of Ogone Payment Services, said: “Only 8.4% of the Indian market is currently online but this translates to 100 million users, which makes it the fourth largest online country in the world and this is set to grow rapidly with online travel accounting for 80% of the commerce in India. Acquiring a leading company such as EBS represents a huge potential for us and our European merchants.”
EBS were advised by growth partnership firm IndigoEdge. Ogone, meanwhile, were advised on the deal by Brian, Garnier & Co, an independent pan-European investment bank focused on growth companies.
Shifting our Website to E Billing Solutions Payment Gateway has been the wisest decision we have made. The earlier payment gateway that we had was ....
EBS is also unique and distinctive in its approach to business that has been matrix of independent associates. EBS offers its services through a network of like-minded Associates and agents.
EBS associate program allows you the ability to offer online payment solution - a key to any successful ecommerce business. This will facilitate you to provide a one-stop shop for an e-commerce setup. If your customers require an EBS payment gateway, you can earn an additional revenue stream through our associate Program.
EBS also launches performance bonus scheme, one of its kind in India as an additional benefit for selling EBS products. We are committed to working with our associates to help them increase customer satisfaction and build profitable, long-term businesses.
EBS enters the world of net banking by introducing HDFC & Axis Bank’s Internet Banking.
EBS bags order for Kerala Toursim for merchant account services. EBS offers services to Kerala Tourism for their official website
New Article in Travel Monitor.