CCAvenue

In yet another move to expand its gradient of digital payments, CCAvenue has recently formed an alliance with Jana Small Finance Bank to offer Net Banking services to its customers. The latest addition will expand CCAvenue's existing range of Net Banking partners which as of now comprises 50+ banks across the country. Through this partnership, more than 1 lakh e-commerce businesses will be able to integrate the Direct Debit facility of Jana Small Finance bank on their websites and access an entire customer base of the bank.

Established in Bengaluru in 2008, the Jana Small Finance bank is recognized globally as one of the world's innovative financial institutions. Prior to receiving in-principal approval from RBI for setting up a Small Finance Bank in 2015, the bank was a large Micro Finance Institution (MFI). With a vision to become a leading and digitized bank serving maximum customer segments, Jana bank has been providing its existing 45 lakh customers across 19 states of the country with access to banking services. In India where financial inclusion is a major challenge, Jana bank has committed itself to these services through 157 bank branches including 12 branches in unbanked rural areas, and 402 micro finance branches.

Online merchants who are registered with CCAvenue's multi-currency processing payment platform can benefit tremendously through the integration of Jana Small Finance Bank. They will be able to access the entire fast-growing customer base of the bank. Leading e-commerce websites powered by CCAvenue will also enhance the bank's visibility through the affiliation. Bank account holders on the other hand can easily make fast and secure payments on 1lakh+ websites including online shopping, travel, education, hospitality, etc.

Being an innovative digital payment platform, CCAvenue helps ecommerce websites to accept online payments through customer preferred payment options. Various other eye-catching features such as multi-lingual checkout, easy customization, and dynamic routing makes the payment gateway aggregator achieve a cut above the rest in the digital payment arena. The company aims to further widen its scope of payment network by deploying latest digital payment technology and assist online merchants with getting higher sales and business growth.

About Jana Small Finance Bank
Based in Bengaluru, Jana Small Finance Bank was formerly known as Janalakshmi Financial Services while it was the largest Micro Finance Insrtitution (MFI) in India. It is currently one of the 10 financial institutions which have received in-principal approval from the Reserve Bank of India (RBI) to set up a Small Finance Bank in 2015. The bank started its operations in March 2018 after receiving final banking license in 2017. The Capital Adequacy Ratio (CAR) of Jana bank is about 35 percent and a loan book of INR 76 billion as on March 31, 2018. By 2020, the bank expects to add four million customers and also plans to have more than 500 branches to operate in 19 states by nearly around the same time. It also looks forward to add 1000 employees to its existing manpower of 15,000. To serve a diversified segment of customers, the Jana Small Finance Bank will continue with micro finance lending and will extend business loans, agri loans, housing loans and gold loans.

About Infibeam Avenues Ltd
Infibeam Avenues Ltd. is India's leading B2B e-Commerce Solutions provider offering end-to-end e-Commerce software solutions through the internet to small and large merchants, enterprises and the government. The Company caters to customers across business verticals and includes many of the most established brands in India and internationally.

The company's web-based e-commerce solutions include SaaS based ERP platform with strong integrated back-office tools for building and managing online stores, digital payment services, logistics solution and more. Infibeam Avenues also offers payment processing services to over 70% of India's e-Merchants through CCAvenue.com, a PCI DSS 3.2 compliant payment gateway platform. CCAvenue is India's largest direct debit engine, which connects to more than 55+ Indian banks in real time and processes all types of Credit Cards, Debit Cards and Digital Wallets including UPI payments. ResAvenue.com Hospitality Solution and BillAvenue.com, India's fastest growing BBPS based bill payment engine are among other SaaS solutions launched by the company. The company's web-services are used by over 400,000 merchants around the world. Infibeam Avenues and its consortium partners also manage, design, develop, implement, operate and maintain the Indian Government's e-marketplace (GeM). For more information, please visit www.Infibeam.ooo