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CCAvenue becomes the first Indian Payment Aggregator to partner with NSDL Payments Bank for Its Net Banking facility
11th September, 2020
Infibeam Avenues' leading payment gateway service provider, CCAvenue has entered into an agreement with NSDL Payments Bank for its direct debit facility. The coming together of these reputed payment entities will provide new lucrative opportunities for lakhs of Indian web merchants currently availing CCAvenue's payment gateway services. NSDL Payments Bank's net banking facility will be available on CCAvenue's payments platform shortly.

CCAvenue is the first bank neutral payment aggregator to tie up with NSDL Payments bank, for its direct debit facility. NSDL Payments Bank is a subsidiary of NSDL, the country's largest depository. Based in Mumbai, NSDL (National Securities Depository Limited) was established in August 1996 as the first electronic securities depository in India with national coverage.

NSDL Payments Bank commenced operations in October 2018 in an endeavour to support the initiative of providing simplified banking services to every Indian. The Payments Bank assures best-in-class digital banking experience, complete transparency and nationwide reach for Indian businesses.

"We are proud to collaborate with NSDL Payments Bank for its net banking services", said Mr. T. Nandakumar Menon, Head - Alliance, Payment Services Division at Infibeam Avenues. "The inclusion of this payment option on our comprehensive platform will enable innumerable web merchants registered with CCAvenue to increase their market reach substantially and grow their businesses. Online businesses powered by CCAvenue can look forward to a brighter future as we continue to add more such lucrative payment options in the months and years ahead."

About NSDL Payments Bank
NSDL Payments Bank NSDL Payments Bank is a subsidiary of NSDL, the first and largest depository in India. The bank is primarily a digital bank that offers comprehensive digital banking products through self-service and assisted channels to customers across segments. NSDL Payments Bank also offers Financial Inclusion and Payment Products such as DMT, AePs, Micro ATM, BC banking, Recharges, Bill Pay, Prepaid cards, PG and PoS solutions through a suite of well defined, designed, and modular APIs with its Banking Correspondents. The bank commenced operations in October 2018 in an endeavour to support the initiative of providing simplified banking services to every Indian. The Payments Bank assures best-in-class digital banking experience, complete transparency and nationwide reach for Indian businesses.

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. It has been designed to help its 1.4 lakh+ merchants 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 14 Multi Bank EMI options. Backed by a 20-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.