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Press Room 2017
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CCAvenue enlarges its payment network - Allahabad Bank's Corporate Banking solution now live on India's largest Direct Debit Engine
20 November, 2017
Continuing its commitment to promote digital payments nation-wide, CCAvenue, India's leading payment solutions provider has added yet another internet banking option to its extensive payment portfolio. The PG now offers the Corporate Banking facility of Allahabad Bank to its 1 lakh+ web merchants. This addition further expands CCAvenue's Direct Debit Engine, which is presently the largest in the country, comprising more than 50 banks. By dint of this inclusion, registered CCAvenue merchants will have a new opportunity to increase customer acquisition and sales for their business.

Founded in 1865 by a group of Europeans, Allahabad Bank is a nationalized bank headquartered at Kolkata. The bank offers a plethora of reliable and affordable banking products and services to its massive user base of 45 million customers. As of November 2017, Allahabad Bank has a strong network of 3,394 branches in India and one overseas branch in Hong Kong. Under its Corporate Banking portfolio, Allahabad Bank offers businesses cash management services, corporate credit, a Gold Card scheme for exporters, and more.

CCAvenue.com had previously integrated Allahabad Bank's Direct Debit facility on its platform, thereby enabling its merchants to sell their products and services to more than 28 million new customers. Now with the addition of Allahabad Bank's Corporate Banking facility, CCAvenue merchants shall be able to further capitalize on a new set of customers and increase their revenues.

Commenting on the latest addition, Mr. Vishwas Patel, Founder & CEO at Avenues Group said: "Online business banking is the backbone of our current economy. CCAvenue is thrilled to announce its partnership with Allahabad Bank. The bank has been one of the front-runners to offer a one-stop financial solution to all customers. Our payment gateway combined with Allahabad Bank's suite of financing solutions will significantly benefit our merchants and create more profitability for their businesses."

About Allahabad Bank
Allahabad Bank
Founded in 1865, Allahabad Bank is a nationalized bank with its headquarters in Kolkata. It is the oldest joint stock bank in India with a rich history spread over three centuries. Allahabad Bank currently operates a network of 3,394 branches in India, one overseas branch in Hong Kong and a representative office at Shenzen, China. Owing to its operational excellence in financial services, Allahabad Bank has been the recipient of several prestigious awards such as Indira Gandhi Rajbhasha Award, The Sunday Standard Best Bankers' Award, Vigilance Excellence Award, FIBAC Banking Award, etc. Committed to its mission of ensuring anywhere, anytime banking, Allahabad Bank offers customers state-of-the-art technology along with a multitude of products and services including personal banking, NRI services, retail credit products, corporate banking, and financial inclusion. To know more, visit www.allahabadbank.in

About CCAvenue
CCAvenue is a PCI DSS 3.2 compliant payments platform for ecommerce businesses in India. It is designed to help its 1 lakh+ merchants accept online payments through a spectrum of new-age payment options including 7 major Credit Cards, 98+ Debit Cards (All MasterCard /Visa /Maestro /RuPay Cards), Amex EzeClick, 53+ Net Banking, 16 Prepaid Instruments, UPI and up to 13 Multi Bank EMI options. Backed by a 15-year history of industry firsts, outstanding innovations and prestigious accolades, CCAvenue offers a multi-channel payment platform, along with a bunch of disruptive features such as CCAvenue Checkout, CCAvenue S.N.I.P., CCAvenue Store Front, CCAvenue Card Storage Vault (tokenization) and more.