CCAvenue

The leading financial institution in the Emirates, MASHREQ and CCAVENUE, the largest online payment services provider in South Asia, have tied up to launch the next generation cutting-edge payments solution for online businesses in the UAE. This partnership changes the way small businesses, sole proprietorships as well as large corporates accept payments online in the region. It also offers state-of-art mCommerce and Social Commerce facilities to provide a wider global reach to all merchants who have registered for these services.

The payments solution offers easier integrations, better customizations as well as quicker on-boarding for smaller businesses and sole proprietorships. It also speeds up the 'go live' timelines for a merchant from a few weeks to just a few hours. With the availability of high-quality 24 X 7 customer support, this new payments platform becomes the best route for any individual, entity or enterprise to start accepting card payments online in the UAE. In the case of larger enterprise merchants, the new platform will provide unparalleled product differentiation with innovations like Multiple Currency Processing, automated electronic invoicing through SMS and email, Social Network In-stream Payments (S.N.I.P.), Advanced Marketing Tools, easier checkouts, and more. A path-breaking inclusion is CCAvenue Brand 360°, a powerful and versatile platform for social engagement, online brand marketing and performance analytics.

Another key feature is a Smart Dynamic Routing System that detects the best performing gateway in terms of success rates and automatically switches the transaction through that gateway ensuring higher transaction success rates. The fully customizable payment pages are created using responsive web design technology. It automatically optimizes the page for any device, be it smartphones, tablets, desktops or laptops.

Nimish Dwivedi, Head of Payments, Mashreq said: "eCommerce and mCommerce is growing rapidly in the country as well as the region, and Mashreq is committed to provide industry defining propositions to help businesses go online . Our aim is to ensure that eCommerce payment solutions are available for everyone; from an online florist to individuals who are running events, trainings, coaching classes to the large enterprise players who require sophisticated solutions. The partnership with CCAvenue allows us to meet the online payment needs of merchants across the board."

"Scalability, functionality, dependability and adaptability are important criteria for online payment processors in a dynamic eCommerce space. We are confident that our partnership with Mashreq will meet the varied needs of a rapidly growing eCommerce market in the region. Our innovative features will prove to be a valuable force-multiplier for the eCommerce merchant," stated Vishwas Patel, CEO of CCAvenue.

CCAvenue powers more than 85% of eCommerce websites in India. It offers real-time, multi-currency online payment processing services for businesses in Hospitality, Online Retail, Education and the other major industry verticals. CCAvenue is the only complete PG solution in the region that has the unique capability to offer the full spectrum of Internet payment options such as the major Credit Cards, Debit Cards, Cash Cards, Net Banking and mobile payments.

This partnership with MASHREQ consolidates CCAVENUE's position as a prominent payment service provider in the Global eCommerce space!!