CCAvenue Inks Partnership With North Kanara Gaud Saraswat Bank For Its Direct Debit Facility
20th February, 2019
In an endeavour to consolidate its comprehensive payments platform further, CCAvenue.com, a leading Indian payment gateway, has signed an agreement with North Kanara Gaud Saraswat Bank (NKGSB) for its direct debit facility. Through this alliance, more than 1 lakh merchants registered with CCAvenue will now have an opportunity to offer NKGSB's internet banking option on their websites and reach out to the bank's large and rapidly growing base of account holders.
Founded in September 1917, NKGSB has grown to become a Multi-State Bank with its area of operations covering the states of Maharashtra, Karnataka, Goa, Gujarat, Madhya Pradesh as well as the union territories of Daman, Diu, Dadra and Nagar Haveli. Over the years, NKGSB has consistently witnessed robust growth in the size of its deposits and advances. The bank has also multiplied its net worth, making it a financially sound institution. Today the Bank has extended its footprint and has a vast network of 109 branches spread mostly across the western and central parts of the country.
North Kanara Gaud Saraswat Bank's account holders will soon be able to make real-time payments conveniently and securely on innumerable Indian websites through a direct debit to their accounts. Consequently, the large number of eCommerce businesses powered by CCAvenue will be able to tap into this new segment of potential customers and grow their business.
Being India's largest third-party payment aggregator, CCAvenue constantly strives towards expanding its network and making digital payments accessible to the last mile consumer through alliances with a large number of banks across the country. As CCAvenue payment gateway adds more and more such payment options, Indian eCommerce businesses can look forward to making some great progress ahead.
About NKGSB (North Kanara Gaud Saraswat Bank)
North Kanara Gaud Saraswat Bank (NKGSB) was established in September 1917 and has now a large footprint in the western and central parts of the country with a vast network of 109 branches. Over the years, NKGSB has consistently witnessed robust growth in the size of its overall deposits and advances. The bank has also multiplied its net worth, which has made it a financially sound institution. As at March 31, 2018, the total deposits and advances of the bank stood at 12,256 Cr., and the operating profit was approximately 104 Cr. In sync with NKGSB's sharp focus on acquiring the competitive edge through digitization, the bank has implemented a robust Core Banking System (CBS), through extensive capital investment in the CBS as well as the Mobile and Net Banking systems. To learn more about NKGSB, please visit https://www.nkgsb-bank.com/
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 14 Multi Bank EMI options. Backed by a 17-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.