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CCAvenue includes North Kanara Gaud Saraswat Bank's Direct Debit Facility in its Comprehensive Payment Suite
25th February, 2020
With an aim to drive the growth of its merchant partners, CCAvenue has added the North Kanara Gaud Saraswat Bank's (NKGSB) Net Banking option to its payment network. This partnership will offer an opportunity to more than 1 lakh merchants registered with CCAvenue, for providing NKGSB's internet banking option on their websites and reach out to the bank's vast and rapidly growing base of account holders.

Founded in September 1917, North Kanara Gaud Saraswat Bank has grown to become a Multi-State Bank with its area of operations covering the states of Maharashtra, Karnataka, Goa, Gujarat, Madhya Pradesh and Union territories of Daman, Diu, Dadra and Nagar Haveli. NKGSB has consistently witnessed robust growth in the size of its deposits and advances through the years. Deposits of the Bank grew by 9% and reached INR 7,601 Cr. as at March 31, 2019, as against INR 6,945 Cr. in the previous year. NKGSB has also multiplied its net worth, making it a financially sound institution. Currently the Bank has extended its footprint and has a large network of 109 branches spread mostly across the western and central parts of the country.

Commenting on this alliance, Mr. T. Nandakumar Menon, Head - Alliance, Payment & Services Division at Infibeam Avenues, stated: "We at CCAvenue are proud to be associated with North Kanara Gaud Saraswat Bank. Its account holders will now be able to make real-time payments conveniently and securely on innumerable Indian websites through a direct debit to their accounts. As a result, thousands of eCommerce businesses powered by CCAvenue can tap into this new segment of potential customers and expand their business considerably."

As CCAvenue payment gateway includes more payment options in its wide network, Indian eCommerce businesses can look forward to making some great progress in 2020 and beyond. Being India's largest third-party payment aggregator, CCAvenue ceaselessly strives towards expanding its network and making digital payments accessible to the last mile consumer through alliances with a large number of banks across the country.

About NKGSB (North Kanara Gaud Saraswat Bank)
North Kanara Gaud Saraswat BankNorth Kanara Gaud Saraswat Bank (NKGSB) was established in September 1917 and has now a large footprint in the western and central parts of the country with a vast network of 109 branches. Over the years, NKGSB has consistently witnessed robust growth in the size of its overall deposits and advances. Deposits of the Bank grew by 9% and reached INR 7,601 Cr. as at March 31, 2019, as against INR 6,945 Cr. in the previous year. The bank has also multiplied its net worth, which has made it a financially sound institution. In sync with NKGSB's sharp focus on acquiring the competitive edge through digitization, the bank has implemented a robust Core Banking System (CBS), through extensive capital investment in the CBS as well as the Mobile and Net Banking systems. To learn more about NKGSB, please visit www.nkgsb-bank.com

About CCAvenue
CCAvenueCCAvenue, the flagship brand of Infibeam Avenues, 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, 98+ 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 19-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.