20 million new customers for CCAvenue merchants! Avenues and Syndicate Bank sign a net banking agreement.
5th May , 2009
Avenues is pleased to announce that it has signed a net banking agreement with 'Syndicate Bank'. Avenues, South-Asia's largest ecommerce company is the parent company of CCAvenue, India's largest neutral online payment gateway and the addition of Syndicate Bank to Avenues robust payment engine will substantially increase the market reach of CCAvenue's partnered merchants within the Indian sub-continent.
Syndicate Bank is a leading Indian nationalized bank with a customer base of approximately 20 million spread across India. This progressive and successful public sector bank has always recognized that Information Technology is an essential part of Banking and has always adapted to the changing times. In the past, it has employed the latest available technology in order to offer its customers cutting edge services such as Syndicat-e-banking, ATM Network, Internet Banking and Mobile Banking which ensures not only the development of business but also customers satisfaction. Now, it has collaborated with Avenues to provide its customers with hassle free online purchasing capabilities. Syndicate Bank customers can now purchase and pay all types of goods and services, directly through their bank accounts at any of CCAvenue's thousands of merchant websites.
CCAvenue also benefits from the signing of this net banking agreement. It gains yet another payment option to offer its partnered merchants and it secures its place as India's largest direct engine with 29 prominent Indian banks.
Mr. Vishwas Patel, CEO, Avenues says, 'Today, profitability is not just about having an online presence. If you want to successfully convert the billion of online users into customers, you have to offer payment options beyond the usual ones and are relevant to customers from all parts of the country. At Avenues, we understand the close connection between profitability, customers and payment options and work hard to provide our partnered merchants with the largest and most versatile payment gateway in India. We currently have 6 credit cards, 13 Indian debit cards, 30 Indian net banks, cash cards and mobile payment options. We are also constantly in talks with banks and other financial institutions to add new payment options to our already extensive list.'
About Syndicate Bank
Established in 1925 in Udupi, Karnataka, Syndicate Bank is one of the premier nationalized banks in India. It provides contemporary banking services in accordance with the innovative banking techniques of new-age banking. These services include e-banking, Anytime, Anywhere, Anyhow Banking (AAA), toll free voice mail system, e-pay services, Core Banking Solutions (CBS), EFT (Electronic Funds Transfer), RGTS (Real Time Gross Settlement) and specialized Forex services.
Syndicate Bank has over 20 million customers that it services through its extensive network of over 2100 branches and 1051 ATMs.
About Avenues
About Avenues Incorporated in the year 2001, Avenues is a zero-debt company that has been profitable from its inception. Avenues is headquartered in Mumbai, India and has subsidiary companies and offices in USA, Singapore and China. Avenues has developed several innovative, cutting-edge ASP hosted solutions that are used by thousands of eMerchants globally. Beginning as a single product company that catered to the local market, Avenues has become a multi-product company that operates on a global scale. The Avenues support and development center is based in Mumbai, India. The total strength of the Avenues team is currently 125 persons spanning across all offices. Avenues has three Business Units namely Avenues Commercial Services, Avenues Travel Industry Services and Avenues Community Related Services. For more information, log onto: www.Avenues.info.
Syndicate Bank is a leading Indian nationalized bank with a customer base of approximately 20 million spread across India. This progressive and successful public sector bank has always recognized that Information Technology is an essential part of Banking and has always adapted to the changing times. In the past, it has employed the latest available technology in order to offer its customers cutting edge services such as Syndicat-e-banking, ATM Network, Internet Banking and Mobile Banking which ensures not only the development of business but also customers satisfaction. Now, it has collaborated with Avenues to provide its customers with hassle free online purchasing capabilities. Syndicate Bank customers can now purchase and pay all types of goods and services, directly through their bank accounts at any of CCAvenue's thousands of merchant websites.
CCAvenue also benefits from the signing of this net banking agreement. It gains yet another payment option to offer its partnered merchants and it secures its place as India's largest direct engine with 29 prominent Indian banks.
Mr. Vishwas Patel, CEO, Avenues says, 'Today, profitability is not just about having an online presence. If you want to successfully convert the billion of online users into customers, you have to offer payment options beyond the usual ones and are relevant to customers from all parts of the country. At Avenues, we understand the close connection between profitability, customers and payment options and work hard to provide our partnered merchants with the largest and most versatile payment gateway in India. We currently have 6 credit cards, 13 Indian debit cards, 30 Indian net banks, cash cards and mobile payment options. We are also constantly in talks with banks and other financial institutions to add new payment options to our already extensive list.'
About Syndicate Bank
Established in 1925 in Udupi, Karnataka, Syndicate Bank is one of the premier nationalized banks in India. It provides contemporary banking services in accordance with the innovative banking techniques of new-age banking. These services include e-banking, Anytime, Anywhere, Anyhow Banking (AAA), toll free voice mail system, e-pay services, Core Banking Solutions (CBS), EFT (Electronic Funds Transfer), RGTS (Real Time Gross Settlement) and specialized Forex services.Syndicate Bank has over 20 million customers that it services through its extensive network of over 2100 branches and 1051 ATMs.
About AvenuesAbout Avenues Incorporated in the year 2001, Avenues is a zero-debt company that has been profitable from its inception. Avenues is headquartered in Mumbai, India and has subsidiary companies and offices in USA, Singapore and China. Avenues has developed several innovative, cutting-edge ASP hosted solutions that are used by thousands of eMerchants globally. Beginning as a single product company that catered to the local market, Avenues has become a multi-product company that operates on a global scale. The Avenues support and development center is based in Mumbai, India. The total strength of the Avenues team is currently 125 persons spanning across all offices. Avenues has three Business Units namely Avenues Commercial Services, Avenues Travel Industry Services and Avenues Community Related Services. For more information, log onto: www.Avenues.info.
INFIBEAM AVENUES
