Having trouble viewing this email? View it in your browser   June 2021   A recent RBI notification mandates that e-marketplaces which have been collecting funds on behalf of sellers and subsequently disbursing these funds to them in settlement must discontinue this activity by 30th September 2021. If marketplace platforms wish to continue handling the settlement of funds to sellers post this deadline, then you need to register yourself as a payment aggregator at the earliest. However, most e-marketplaces may not even qualify for meeting the requirements of RBI, and so they would opt for reliable payment partners like CCAvenue for addressing such payment complexities. Thanks to our rich domain expertise built over two decades, CCAvenue can help you automate and streamline settlements to your sellers, vendors and distributors efficiently through our powerful payment solutions designed specifically for marketplaces, viz. (i) CCAvenue Split Payments (ii) CCAvenue Sub-ID and (iii) CCAvenue B2Biz. You can choose from any of these solutions to help manage your marketplace settlements effectively without hassles. The proposed solution can also be customized to fit various business models such as OTAs (Online Travel Agents), FoodTech companies, and Cab Aggregators i.e. virtually any business model for which consolidated funds need to be settled with multiple sellers, vendors and distributors.       In recognition of its superior performance during the current pandemic through the application of innovative technology, Infibeam Avenues' digital payments platform CCAvenue has been awarded the 'Best Use of Technology' honor at the Unlocked Awards 2021. Co-powered by the Global Trends Forum, this year's Unlocked Awards ceremony was held virtually on 28th May 2021 with the primary objective of awarding business excellence during these challenging times. The Unlocked Awards 2021 recognised professionals and enterprises which have set great examples for the industry with their innovation and creativity. During the current pandemic, CCAvenue continues to support your business activities effectively while protecting your confidential data with the help of advanced technology and best-in-class business processes. Furthermore, CCAvenue equips your business with convenient end-to-end contactless payment solutions such as Invoices and QR codes that enable you to accept payments quickly, securely and safely during these unprecedented circumstances.     How restaurants need to embrace digital to survive in today's... Source: Yourstory Whether it's by ordering food through websites or getting meals delivered through food aggregators... Read more     UPI transactions dip for second month in a row in May Source: Yourstory According to the NPCI, the total transactions on the UPI platform in terms of value and volume have dipped since the month of March this year. Read more     Covid-19 Second Wave: Auto-Debit Bounce Rate Rises To A Third In May Source: Bloombergquint The "bounce rate" on auto-debit or recurring transactions rose in May, hinting at the possibility of stress among retail borrowers... Read more     An enabling ecosystem is set to drive digital payments in 2021 Source: Moneycontrol Initiatives such as UPI, BHIM, RuPay, FasTags and innovations such as RFID fuelling apps, QR codes for merchants... Read more   Disclaimer: We do not claim ownership over the images / articles appearing in the Industry News section. They are used for information purposes only and in no way are meant to claim ownership over any of the above mentioned. All photos, videos, articles, etc. are copyrighted to their original owners. E-mail: contact@ccavenue.com Copyright © 2021 INFIBEAM AVENUES. All Rights Reserved.