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Press Room |
July
2, 2002 * UTI i-Connect Net Banking payment
option now available on CCAvenue
July 2, 2002. There is good
news for UTI iConnect Net Banking Account Holders.
You can buy goods and services of hundreds of
CCAvenue's appointed merchants sites and pay
directly through your UTI I-Connect net banking
account. This is now possible because UTI's
latest tie-up with CCAvenue.com, India's first
neutral online payment gateway.
CCAvenue.com currently offers
integrated payment gateway services of leading
financial institutions like HDFC Bank, Amex,
and accepts credit payment through the most
respected international brands such as Amex,
Mastercard, Diners and Visa cards. What makes
CCAvenue unique is that it is India's first
online payment gateway that conducts the entire
transaction in Rupees.
Mr. Vishwas Patel, CEO of CCAvenue.com
mentioned, "We had been in talks with UTI
for quite some time. To us, this tie-up is a
very exciting event, as this will give our merchant
members businesses to reach a whole new set
of resident Indian customers; and the numerous
NREs and NRIs who hold UTI is high esteem."
CCAvenue have started providing UTI I-Connect
net banking payment option from 1st July, 2002
onwards; following integration and careful testing.
CCAvenue's merchants have further
access to thousands of UTI's account holders.
This itself is a fair reflection of the huge
need gap that this online payment gateway service
is filling. With the markets showing a gradual
upswing, CCAvenue seems to be charting the right
path, as it quietly builds its network for the
better times to come.
About UTI Bank
UTI Bank was the first of the new private
banks to have begun operations in 1994, after
the Government of India allowed new private
banks to be established. The Bank was promoted
jointly by Unit Trust of India, the largest
mutual fund in India, Life Insurance Corporation
of India (LIC) and General Insurance Corporation
Ltd. and its four subsidiaries viz. National
Insurance Company Ltd., The New India Assurance
Company, The Oriental Insurance Corporation
and United Insurance Company Ltd. Presently
the Bank has a very wide network of 145 branch
offices, 27 Extension Counters and 22 service
counters. The Bank has a network of over 516
ATMs providing 24hrs a day banking convenience
to its customers. This is one of the largest
ATM networks in the country. The Bank has strengths
in both retail and corporate banking and is
committed to adopting the best industry practices
internationally in order to achieve excellence.
About Avenues
Avenues is a profitable, debt-free company and currently services thousands of eMerchants worldwide through its solutions www.CCAvenue.com, www.ResAvenue.com, www.EventAvenue.com, www.MembersAvenue.com, www.TrustAvenue.com, www.BpoAvenue.com. It is the largest integrated eCommerce solutions provider in South Asia. Avenues has shown revenue growth and profit growth consistently, year on year. Avenues is incorporated in India, and has offices in Singapore, Hong Kong, and USA. The Avenues support and development center is based in Mumbai, India. The total strength of the Avenues team is currently 120 personnel, spanning across all disciplines. For more information, log onto: www.Avenues.info
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