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UCO Bank ties up with CCAvenue for its direct debit facility
25th September, 2014
CCAvenue, South Asia's leading payment gateway, proudly announces the inclusion of UCO Bank's Net Banking option to its ever increasing payment network. There are now 48 banks (and counting) in its direct debit engine, which is the largest in the country.

Mr. Nandakumar Menon, Head - Alliances, Avenues with Senior Officials of UCO BankUCO Bank's account holders can now shop online at thousands of eCommerce websites powered by CCAvenue by paying conveniently through a direct debit to their bank accounts. They can choose from a wide range of products and services offered by merchants in all the major industry verticals.

With its headquarters in Kolkata, UCO bank has a large network comprising of over 2500 service units, which include specialised and computerised branches in India and Overseas. Founded in 1943, the bank started its branch expansion activities at a fast pace, especially in rural areas, and it achieved several unique distinctions in Priority Sector lending and other social uplift schemes.

Mr. Nandakumar Menon, Head - Alliances, Avenues with Senior Officials of UCO BankThis commercial bank received the prestigious SKOCH AWARD for 'Excellence in Banking in Financial Inclusion and Deeping 2014' and the 'Global Sustainability Award' from World CSR Congress under the category "Outstanding Social Impact". It has received several other accolades and honours for its numerous achievements in Personal Banking, Corporate Banking, International Banking, Rural Banking and other services. It has served the nation well through active financial participation in all segments of the economy - Agriculture, Industry, Trade & Commerce, Service Sector, Infrastructure Sector, etc.

Merchants registered with CCAvenue also stand to benefit from the signing of this net banking agreement as they can now collect payments for their products and services in real-time from UCO Bank's account holders without any hassles. CCAvenue has always endeavoured to offer its merchants the maximum number of payment options so as to enable them to reach out to the largest customer base possible.

About UCO Bank
Established in 1943, UCO Bank is a commercial bank and Government of India Undertaking. Headquartered in Kolkata, the Bank has 45 Zonal Offices spread all over the country. This huge network consists of more than 2500 service units, which include specialised and computerised branches in India and Overseas. All its branches offer CBS (Core Banking Solutions) to its customers. Its key strengths include a strong domestic and international presence, a strong capital base, a well diversified asset portfolio and a large client base.