September 2019

CCAvenue in collaboration with Riyad Bank makes inroads into Saudi Arabia to offer digital payments

CCAvenue in collaboration with Riyad Bank makes inroads into Saudi Arabia to offer digital payments
In a move aimed at spurring the growth of the e-commerce sector in Saudi Arabia, CCAvenue announced its collaboration with Riyad Bank to offer digital payments solution to eCommerce businesses in the country. One of the largest financial institutions in the Kingdom of Saudi Arabia and the Middle East, Riyad Bank offers advanced financing solutions through its wide network of more than 340 branches. Having strong corporate and retail franchise along with decades of rich expertise, Riyad Bank is at the forefront of financing and arranging syndicated loans for major projects in the oil and petrochemicals sector. A pioneer in the digital payments space with a rich domain experience of nearly two decades, CCAvenue has launched its payment gateway services in Saudi Arabia at a time when there is an upsurge in the country's eCommerce market. The overall revenue of this eCommerce market is estimated to cross US$ 7 Billion in 2019 and set to reach US$11 Billion by 2022. CCAvenue's payment platform will cater to online businesses in all the major industry verticals including e-retail, petroleum, real estate, tourism, hospitality, finance and education.
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Accept payments conveniently & enhance your cash flow with CCAvenue payment links

Accept payments conveniently & enhance your cash flow with CCAvenue payment links
Merchants may often wish to offer special discounts on bulk purchases to select customers or accept adhoc payments outside of their shopping carts for one-time services such as cloth alteration, customized packaging and extended warranties. You may also find it often quite challenging to receive payments from customers on time using traditional payment modes as plenty of follow-ups may be required. Payment Links offer you a simple and effective multi-channel solution to meet these challenges. A payment link is a request for payments through a securely generated web link/URL which customers can click to make online payments instantly. You can create an individual payment link or upload multiple payment links via APIs or dashboard with the flexibility to manage details like amount, receipt number, validity, etc. as well as track the payment status. This link can be shared easily across various communication channels like Email, SMS, social media, etc. and the payment fulfillment is convenient and flexible for both sellers and their customers.
Collecting online payments cannot get easier that this!
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CCAvenue integrates Cardless EMI into its cluster of payment options through Alliance with ZestMoney

CCAvenue integrates Cardless EMI into its cluster of payment options through Alliance with ZestMoney
In yet another move of progressive expansion, CCAvenue has entered into a partnership venture with ZestMoney for offering the Cardless EMI payment option to its merchants based across the country. ZestMoney is India's largest Cardless EMI provider and one of the fastest growing consumer-lending fintech company founded in the year 2015. The alliance was signed on September 19, 2019 on a mutual agreement that aimed at revolutionizing online buying through the incorporation of Cardless EMI into CCAvenue's existing range of payment options, thereby enabling our merchants to offer a more convenient and flexible mode of payment to online buyers. CCAvenue is already the provider of maximum EMI options in India, offering the EMI facilities of 14 leading banks. The inclusion of ZestMoney's Cardless EMI payment solution will further enable eCommerce websites powered by CCAvenue to maximize revenue and grow their businesses substantially.
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INDUSTRY NEWS

UPI transactions overtake debit card payments in 2018-19: RBI annual report
Source: livemint
The number of transactions via the Unified Payments Interface (UPI) was...
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UPI transactions overtake debit card payments in 2018-19: RBI annual report
 
RBI should give FinTech firms access to transaction & account history data: Finance Ministry Report
RBI should give FinTech firms access to transaction & account history data: Finance Ministry Report
Source: medianama
Finance Ministry's FinTech report recommended that the RBI should...
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UPI transactions top 900 million in August
Source: economictimes.indiatimes.com
Transactions made through Unified Payments Interface (UPI) have...
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UPI transactions top 900 million in August
 
Payment execs laud RBI's move on e-mandate for card transactions
Payment execs laud RBI's move on e-mandate for card transactions
Source: yourstory.com
Fintech executives are hoping that the 'recurring transactions' mandate can be introduced to other...
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