On-demand software supplier to BFSI sector Ebix is the parent company of fintech solutions provider ItzCash Card.
YouFirst is the third largest international remittance services provider in India.
Today's announcement to acquire YouFirst comes just days after Ebix acquired Money Transfer Service Scheme (MTSS) assets of Wall Street Finance last week.
"The acquisition of YouFirst and Wall Street MTSS inward remittance assets, gives Ebix approximately 25 per cent of the inward international remittance market in India," Ebix said.
The company said the recent acquisition deals will further strengthening its position in the financial exchange market in India.
ItzCash Card is a player in digital prepaid payments.