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CCAvenue Partners with Fincare Small Finance Bank for its Direct Debit facility
26th April, 2022
With the aim of further consolidating its wide payment network, Infibeam Avenues' flagship digital payments facilitator CCAvenue has inked an agreement with Fincare Small Finance Bank for its Net Banking option. This collaboration opens a new window of opportunity to merchants on board CCAvenue's comprehensive platform as they will soon be able to tap the large customer base of Fincare Small Finance Bank and enhance their business potential considerably.

With this move, lakhs of Fincare SFB's account holders will be able to make easy payments on innumerable websites powered by CCAvenue, through a direct debit in their account.

The journey of Fincare Small Finance Bank began with the coming together of two NBFC Micro Finance Institutions - Future Financial Services and Disha Microfin. Fincare SFB started banking operations in July 2017 with the grand vision of enabling financial inclusion of the unbanked and under-banked base of the pyramid, mass retail and micro and small enterprise segments with the active participation of the affluent.

Fincare Small Finance Bank's range of smart banking products include Savings Accounts, Current Accounts, Cash Overdraft, Fixed Deposits, NRI Fixed Deposits, Loans against Gold, Loan against Property, Micro Loans, Institutional Finance and Two-wheeler Loans. With a workforce of over 9800+, the bank has a vast network comprising over 700+ banking outlets that serve nearly 3 million customers across 19 States and Union Territories.

"We are proud to announce our collaboration with Fincare Small Finance Bank for its net banking facility", said Mr. T. Nandakumar Menon, Vice President - Alliances and Operations, Infibeam Avenues Ltd. "Fincare SFB is a Digital-First bank with a modern approach to banking. As the bank has a large and rapidly growing customer base, this tie-up will help provide lucrative opportunities for lakhs of merchant partners availing our payment gateway services."

About Fincare Small Finance Bank
Fincare Small Finance Bank Fincare Small Finance Bank is a Bengaluru-based microfinance institution turned SFB. Before converting into a Small Finance Bank, the microfinance lender was largely conducting business from two entities, Disha Microfin and Future Financial Services. It started banking operations in July 2017. The bank has grown rapidly and is now a scheduled commercial bank operating across 19 States and Union Territories. Its huge network comprises over 700+ banking outlets that serve nearly 3 million customers. Fincare SFB's range of smart banking products include Savings Accounts, Current Accounts, Cash Overdraft, Fixed Deposits, NRI Fixed Deposits, Loans against Gold, Loan against Property, Micro Loans, Institutional Finance and Two-wheeler Loans. To know more about Fincare SFB, visit their site at www.fincarebank.com

About CCAvenue
CCAvenue CCAvenue, the flagship brand of Infibeam Avenues Limited, is a PCI DSS 3.2.1 compliant payments platform for eCommerce businesses in India. The organization serves millions of merchants spread across verticals such as Retail, Travel, Real Estate, Telecommunication, Government departments, and Utility billers, Hospitality, Education and Healthcare. It enables merchants to accept online payments through a spectrum of new-age payment options including 6 major Credit Cards, 97+ Debit Cards (All MasterCard / Visa / Maestro / RuPay Cards), Amex EzeClick, 58+ Net Banking, Mobile Wallets, UPI and up to 15 Multi Bank EMI options.