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CCAvenue partners with North Kanara Gaud Saraswat Bank to offer White Label Payment Gateway Services
15th March, 2020
Having earned considerable reputation globally for its cutting-edge digital payment solutions, CCAvenue, the flagship brand of Infibeam Avenues, is now allying with leading banks to offer them white label payment gateway services. Infibeam Avenues has recently extended its partnership with North Kanara Gaud Saraswat Bank (NKGSB), enabling the bank to deliver white label digital payment solutions to its huge merchant base spread across major industry verticals including e-retail firms, educational institutions, utilities and charities.

Founded in September 1917, NKGSB has grown rapidly 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. The size of the bank's deposits and advances has increased consistently through the years. The bank witnessed a rise in its deposits by 9% and reached INR 7,601 Cr. as at March 31, 2019, as compared to INR 6,945 Cr. in the previous year. NKGSB has also multiplied its net worth, making it a financially sound institution. Presently the bank has extended its footprint and now has a vast network of 109 branches spread mostly across the western and central parts of the country.

Infibeam Avenues' White Label payment solutions are aimed at providing high level of customizations along with complete branding of partner banks as they provide advanced digital payment services through CCAvenue. Some of the other key features of this solution include access to CCAvenue's cutting edge technology and robust infrastructure, Zero development and integration costs, comprehensive reporting and analytics system, no maintenance and upgradation costs (AMC), as well as 24x7 dedicated customer support. CCAvenue is already offering these White Label solutions to 20+ major private and public sector banks in the country.

Speaking on the partnership, Mr. Vishwas Patel, Executive Director at Infibeam Avenues and Founder of CCAvenue, said: "We are excited to extend our existing partnership with North Kanara Gaud Saraswat Bank. By leveraging our state-of-the-art proprietary technology, NKGSB will be able to deliver advanced white labeled payment solutions to Indian eCommerce businesses. Our innovative solution will help all our partner banks to penetrate new market segments quickly, generate more revenue, and keep up with the rapidly changing digital commerce landscape."

Commenting on the venture, the official at NKGSB stated "We at NKGSB always strive to provide the best products and services to our clients to help them gain maximum benefit. This partnership with Infibeam Avenues will provide our merchants with direct access to CCAvenue's range of advanced features including 200+ payment options, invoicing facility, IVR, Multiple currency processing, and other powerful business enhancement functionalities."

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
CCAvenue CCAvenue, 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.