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CCAvenue becomes the first Indian payment gateway to offer HSBC net banking as a payment option
16th June, 2020
Infibeam Avenues' digital payments platform CCAvenue has integrated the direct debit facility of HSBC, a leading multinational bank and financial services holding company. With this integration, CCAvenue has become the first third-party payment aggregator in the country to go live with HSBC's Direct Debit facility. This collaboration opens a new window of opportunity for 1 lakh+ Indian web merchants registered with CCAvenue as they can now reach out to the bank's large customer base and expand their businesses substantially.

HSBC is one of the world's largest banking and financial services organisations, serving over 40 million customers through its various global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets. Its vast network covers 64 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.

With the addition of HSBC's net banking option 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 aggregator to offer the Net Banking mode in India.

Speaking on this integration, Mr. T. Nandakumar Menon, Head - Alliance, Payment & Services Division at Infibeam Avenues, commented: "This strategic partnership with HSBC will provide merchants on board our platform with swift and easy access to the bank's huge customer base, enabling them to maximize their revenue. At CCAvenue, we constantly strive to provide our merchants with new and lucrative opportunities to grow their businesses considerably."

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 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, 59+ Net Banking, Mobile Wallets, UPI and up to 15 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.