Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today announced that it has entered into an agreement to acquire the Money Transfer Service Scheme (MTSS) Business of Paul Merchants Limited (BSE: PML) also referred to as PML or Paul Merchants hereinafter, for $40.7 million approx. through its Indian affiliate.