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This is an archive article published on March 20, 2011

Itz Cash plans massive beef-up

ItzCash plans a massive beef-up of its retail presence pan-India.

Essel Group8217;s pre-paid payment solutions provider ItzCash plans a massive beef-up of its retail presence pan-India by opening 1-lakh more exclusive outlets under the brand name 8216;ItzCash World8217; and 30,000 franchisees over the next one year.

8220;We plan to open another 1-lakh exclusive outlets under the brand name 8216;ItzCash World8217;,besides adding another 30,000 franchisees by end-FY 12,8221; ItzCash8217;s Managing Director Naveen Surya said.

8220;The retail sector is lucrative and rapidly-growing and we are ideally-positioned to tap its potential. People want to buy their daily essential needs and ItzCash Card will prove of great help to them,8221; he said.

At present,the company has 2.7-lakh exclusive outlets and about 50,000 franchisees and has tied-up with over 10,000 service-providers pan-India.

Itz Cash has already tied-up with Anil Ambani8217;s Reliance Energy through which customers can pay their bills through the card online at Itz Cash outlets. Similarly,it has also tied- up with the Municipal Corporation of Greater Mumbai MCGM for octroi collection.

8220;Nowadays people are very busy8211;they have no time to even visit offices to pay their bills. Itz Cash is targeted at this segment and is the ideal solution for them,8221; he said.

 

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