26 million new customers for CCAvenue merchants - UCO Bank's ATM cum debit facility now live on India's largest PG
30 January, 2018
CCAvenue.com, the country's leader in online payments processing today announced an expanded strategic partnership with UCO Bank, a government-owned commercial bank, headquartered in Kolkata. The PG now offers the ATM cum Debit facility of UCO Bank on its advanced platform, further expanding its extensive payment portfolio of 200+ payment options.
Post demonetization, ATM cum Debit cards became one of the most handy and frequently used payment instruments. According to a recent report, National Financial Switch (NFS), a national-level ATM network, processes nearly 12 million card transactions in a day. Even in the online payments space, ATM cum Debit Cards offer much needed convenience and faster transaction processing to customers. They allow customers to make purchases simply by entering their regular ATM pin instead of multiple credentials or having to wait for the OTP.
With the addition of UCO Bank's ATM cum Debit facility on CCAvenue.com, web merchants registered with the PG will now have an opportunity to tap into a new segment of customers and augment their revenue stream substantially. Moreover, the inclusion will allow customers of UCO Bank to make speedy payments on all CCAvenue powered websites across various industry verticals such as online shopping, bill payments, hotel reservations, events, etc.
Commenting on the new payment option, Mr. Vishwas Patel, Chief Executive Officer at CCAvenue said: "ATM cum Debit card is a popular mode of online payment amongst customers owing to the amount of convenience and security it offers. It is similar to having cash handy without the risk of actually carrying cash. We are pleased to have UCO Bank on board with us. The new payment option will offer our merchants a pan-India customer reach and result in incremental sales for their businesses."
About UCO Bank
Founded on 6th January 1943, UCO Bank is a government-owned commercial bank headquartered in Kolkata. The bank has a widespread network of more than 3000 service units, including specialized branches in India as well as overseas branches in Hong Kong and Singapore. It offers a plethora of banking services including debit and prepaid cards, NRI Banking, loans, corporate banking, forex and treasury services, rural banking, MSME products, etc. UCO Bank aims to be a best-in-class service provider by making use of state-of-the-art technology and offering excellent customer service to its gigantic user base of 26 million account holders. Owing to its customer-friendly and socially committed character, UCO Bank has been regarded as one of the most well-known and vibrant banks in the country. For more information, visit www.ucobank.com.
About CCAvenue
CCAvenue is a PCI DSS 3.2 compliant payments platform for ecommerce businesses in India. It is designed to help its 1 lakh+ merchants accept online payments through a spectrum of new-age payment options including 7 major Credit Cards, 98+ Debit Cards (All MasterCard /Visa /Maestro /RuPay Cards), Amex EzeClick, 53+ Net Banking, 16 Prepaid Instruments, UPI and up to 13 Multi Bank EMI options. Backed by a 16-year history of industry firsts, outstanding innovations and prestigious accolades, CCAvenue offers a multi-channel payment platform, along with a bunch of disruptive features such as CCAvenue Checkout, CCAvenue S.N.I.P., CCAvenue Store Front, CCAvenue Card Storage Vault (tokenization) and more.
Post demonetization, ATM cum Debit cards became one of the most handy and frequently used payment instruments. According to a recent report, National Financial Switch (NFS), a national-level ATM network, processes nearly 12 million card transactions in a day. Even in the online payments space, ATM cum Debit Cards offer much needed convenience and faster transaction processing to customers. They allow customers to make purchases simply by entering their regular ATM pin instead of multiple credentials or having to wait for the OTP.
With the addition of UCO Bank's ATM cum Debit facility on CCAvenue.com, web merchants registered with the PG will now have an opportunity to tap into a new segment of customers and augment their revenue stream substantially. Moreover, the inclusion will allow customers of UCO Bank to make speedy payments on all CCAvenue powered websites across various industry verticals such as online shopping, bill payments, hotel reservations, events, etc.
Commenting on the new payment option, Mr. Vishwas Patel, Chief Executive Officer at CCAvenue said: "ATM cum Debit card is a popular mode of online payment amongst customers owing to the amount of convenience and security it offers. It is similar to having cash handy without the risk of actually carrying cash. We are pleased to have UCO Bank on board with us. The new payment option will offer our merchants a pan-India customer reach and result in incremental sales for their businesses."
About UCO Bank
Founded on 6th January 1943, UCO Bank is a government-owned commercial bank headquartered in Kolkata. The bank has a widespread network of more than 3000 service units, including specialized branches in India as well as overseas branches in Hong Kong and Singapore. It offers a plethora of banking services including debit and prepaid cards, NRI Banking, loans, corporate banking, forex and treasury services, rural banking, MSME products, etc. UCO Bank aims to be a best-in-class service provider by making use of state-of-the-art technology and offering excellent customer service to its gigantic user base of 26 million account holders. Owing to its customer-friendly and socially committed character, UCO Bank has been regarded as one of the most well-known and vibrant banks in the country. For more information, visit www.ucobank.com.About CCAvenue
CCAvenue is a PCI DSS 3.2 compliant payments platform for ecommerce businesses in India. It is designed to help its 1 lakh+ merchants accept online payments through a spectrum of new-age payment options including 7 major Credit Cards, 98+ Debit Cards (All MasterCard /Visa /Maestro /RuPay Cards), Amex EzeClick, 53+ Net Banking, 16 Prepaid Instruments, UPI and up to 13 Multi Bank EMI options. Backed by a 16-year history of industry firsts, outstanding innovations and prestigious accolades, CCAvenue offers a multi-channel payment platform, along with a bunch of disruptive features such as CCAvenue Checkout, CCAvenue S.N.I.P., CCAvenue Store Front, CCAvenue Card Storage Vault (tokenization) and more.
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