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CCAvenue Becomes the First Indian Payment Gateway to Ink Partnership with HSBC Bank for Direct Debit Facility
8th May, 2020
CCAvenue.com, a flagship brand of Infibeam Avenues Limited is partnering with HSBC Bank, to integrate its Direct Debit facility on the payment gateway's comprehensive platform. This partnership will enable more than 1 lakh online merchants to receive digital payments conveniently through Net Banking mode from HSBC bank account holders. CCAvenue is the first third-party payment aggregator to sign up with HSBC for their Direct Debit facility.

With this addition to its wide payment network, CCAvenue now has a huge list of 59+ banking partners in its direct debit engine, which is currently the largest in South Asia. In 2001, CCAvenue became the first payment aggregators to offer Net Banking facility in India.

Speaking on the occasion, Mr. T. Nandakumar Menon, Head - Alliance, Payment & Services Division at Infibeam Avenues, commented: "Our latest venture with HSBC Bank will assist thousands of Indian web merchants in expanding their existing customer base and augmenting their revenue stream substantially. At CCAvenue, we constantly strive to enable e-businesses on-board our platform to reach out to millions of potential customers across the country for easy online shopping as well as for making other digital payments."

About CCAvenue
CCAvenue CCAvenue, the flagship brand of Infibeam Avenues, is a PCI DSS 3.2.1 compliant payments platform for eCommerce businesses in India. It has been designed to help its 1 lakh+ merchants accept online payments through a spectrum of new-age payment options including 6 major Credit Cards, 98+ Debit Cards (All MasterCard /Visa /Maestro /RuPay Cards), Amex EzeClick, 58+ Net Banking, Mobile Wallets, UPI and up to 15 Multi Bank EMI options. Backed by a 18-year history of industry firsts, outstanding innovations and prestigious accolades, CCAvenue offers a multi-channel payment platform, along with a suite of disruptive features such as Invoices, Subscriptions, CCAvenue B2Biz, CCAvenue Checkout, CCAvenue S.N.I.P., CCAvenue Store Front, CCAvenue Card Storage Vault (tokenization) and more.