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 signs with agreement with Citibank to offer Internet Payment Gateway, Diners Club, Citibank Net-Banking, Citibank E-cards, Citibank Suvidha A/c., Citibank NRI Rupee checking Account, etc.
EBS signs with ITZ Cash for giving more payment options to the clients. EBS would be soon giving the facility of paying through ITZ Cash Card for offering more convenience to all its merchants
EBS to offer Oxichash option to all its clients
EBS enters the world of net banking by introducing Axis Bank & HDFC Internet Banking.
EBS is upgraded to MSP Status to enroll merchants for providing AXIS Bank Payment Gateway Merchant Accounts
EBS becomes the first Indian merchant account provider to achieve the new PCI DSS 1.1 Standards of Compliance for Mastercard & Visa
Login EBS Ver1.0
Login EBS Ver2.5
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.