CCAvenue

CCAvenue, India's leading payment gateway, is the first and currently the only PG in the country to include Reliance Jio Wallet to its ever increasing payment network. 85% of India's web merchants powered by CCAvenue stand to benefit from this alliance as they can tap a whole new segment of customers who can use Jio Money's digital wallet to make online payments seamlessly and instantly.

Reliance Jio Infocomm, a major player in the Indian Telecom sector, plans to expand the Jio Money presence city by city, across the country in phases over the next few quarters. This initiative will try to rope in even the smallest merchants across the country to make digital payments accessible to all.

Referring to this new addition, Mr. Vishwas Patel, CEO, Avenues India, stated: "Digital wallets are rapidly enabling cashless economies across the globe, transforming the eCommerce landscape in a big way. Our alliance with Jio Money will play a crucial role in the digitization of payments in India by offering a ubiquitous platform that offers affordable and secure digital payments. This solution will ensure incremental revenues for online businesses and will bring a significant value addition to our merchants and the eCommerce space."

CCAvenue already offers other major wallets such as Paytm, MobiKwik and PayZapp in its widest payment network.

About Reliance Jio
Reliance Jio Infocomm Limited (RJIL), a subsidiary of Reliance Industries Limited (RIL), India's largest private sector company, aims to create the most extensive and future-proof network in India, and perhaps, in the world. Reliance Jio will be completing its first full year of commercial operations in Financial Year 2016-17. It aims to provide next generation legacy-free digital services over an end-to-end all-IP network, which can be seamlessly upgraded even to 5G and beyond. In addition to the existing pan India 2300 MHz spectrum and 1800 MHz in 14 circles, Reliance Jio has invested over Rs 10,000 crore during last year's auction to acquire 800 MHz spectrum in 10 circles and 1800 MHz spectrum in 6 circles. Its cumulative investment in spectrum assets now stands at nearly Rs 34,000 crores. The company currently has the largest footprint of liberalized spectrum in India that has been acquired in an extremely cost effective manner. Aiming to cover 100% of the nation's population by 2018, Reliance Jio has laid over 2.5 lakh kms of fibre-optic cables for wireless broadband and Fibre-to-Home customers in 18,000 cities and over one lakh villages. It has also set up nearly half-a-million square feet of cloud data centres as well as a multi-Terabit capacity international network. This infrastructure has been developed in partnership with some of the world's most technologically advanced companies.

About Avenues
With its headquarters in Mumbai, Avenues India has developed several cutting-edge solutions that are used by thousands of eMerchants globally. CCAvenue offers real-time, multi-currency online payment processing services for businesses in the major industry verticals. It is the only complete PG solution in the region that has the unique capability to offer the full spectrum of Internet payment options including the 6 major Credit Cards, 98+ Debit Cards (All MasterCard /Visa /Maestro /RuPay Cards), Amex EzeClick, 53+ Net Banking, 9 Prepaid Instruments (including the MobiKwik and Paytm wallets), 2 Mobile Payments and up to 9 Multi Bank EMI options. For more information, visit www.ccavenue.com