Having trouble viewing this email? View it in your browser   November 2020   In sync with its broad strategy of streamlining and automating digital payments wherever possible, CCAvenue has introduced e-NACH mandates as a payment mode for online businesses in India. E-Mandates provide an efficient web-based solution for facilitating interbank, high volume digital transactions that are repetitive in nature. This RBI-approved service is a major initiative of the National Payments Corporation of India (NPCI) that involves a vast network of leading banks, financial institutions, corporates and government entities, operating as a cohesive unit. The conventional procedures for recurring payments, in general, are widely considered to be lengthy, tedious and complicated. E-Mandates have been recently introduced in the country with the objective of overcoming these challenges. E-NACH mandates are a hassle-free and efficient mode of collecting recurring payments from customers, delivering an enhanced payment experience to millions of consumers across the country. A large number of merchants can now grasp this excellent opportunity to collect recurring payments quickly and effortlessly through our advanced platform and add another layer of convenience for customers, while expanding their businesses substantially.     Infibeam Avenues' payments platform CCAvenue gets honored for excellence in digital payment solutions with the much acclaimed Inn Tech Award for 'Best Implementation of Technology for An Ecommerce Sector Enterprise'. The Gold Award was presented in recognition of the importance of innovation and technology through a Virtual Awards Ceremony that was held on November 20th, 2020. Inn Tech Awards identifies and acknowledges exemplary performance by enterprises in various fields and sectors. The organization determines the significance of technology in evolution of the environment that we coexist in. This ceremony was majorly aimed at rewarding technology solution providers, vendors, enablers, facilitators, etc. for providing specialized services to their clients.     Dynamic Event Notifications facility is provided by CCAvenue to its merchants wherein webhooks are sent to specific URLs provided by merchants, indicating that a particular event has occurred in his account. Instead of checking your merchant panel repeatedly, webhooks push the event details to the destination URL whenever significant events occur. Merchants need to register specific URLs for each type of event in their account or they can provide a single destination URL for all events. Use cases of this feature include status updates for new order transactions, recurring payments, reconciliation of pending (awaited) transactions, order dispute status and changes in risk level of a transaction. Webhooks give you the advantage of designing a workflow that would define how your system would respond to a particular notification e.g. Configuring your server to send emails to your customers, on successful completion of their order transactions. This feature also enables you to store or display data of dynamic events in your merchant account or integrate the inputs to an existing database.     Digital India: Real-time transactions double in one year; India secures top position in world Source: financialexpress.com With new initiatives in the pipeline, India looks set to remain the real-time payments capital of the world.Read more...   USD 271 billion consumer spending to shift from cash to cards, digital payments by 2023 in India: Accenture Source: newindianexpress.com About 66.6 billion transactions worth USD 270.7 billion are expected to shift from cash to cards and digital payments by 2023 in India, and further increase to USD 856.6 billion by 2030, a report by Accenture said on Tuesday.Read more...   Explained: The UPI cap, who it affects and why it is needed Source: www.techcircle.in The Thursday announcement by the National Payments Corporation of India (NPCI), capping third-party UPI transactions at 30%, did not come as a surprise for fintech players. Read more...   Increased digital payment to better assess country's GDP: Nirmala Sitharaman Source: economictimes.indiatimes.com Finance minister Nirmala Sitharaman on Friday said wider adoption of digital payments will help improve assessment of GDP.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 © 2020 INFIBEAM AVENUES. All Rights Reserved.