Press Room 2022
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CCAvenue strengthens its comprehensive payment network with the inclusion of NSDL Payments Bank's Net Banking facility
20th January, 2022
CCAvenue.com, Infibeam Avenues' flagship brand and the pioneering entity in the Indian digital payments industry, has recently announced that it has integrated NSDL Payments Bank's direct debit facility for the benefit of Indian eCommerce. 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 is a subsidiary of NSDL, the country's largest depository. Based in Mumbai, NSDL (National Securities Depository Limited) was set up in August 1996 as the first electronic securities depository in India with national coverage. NSDL Payments Bank began its operations in October 2018 with the objective of supporting the various initiatives undertaken towards providing simplified banking services to every Indian. The payments bank assures an enhanced digital banking experience, complete transparency and nationwide reach for Indian businesses availing its services.

CCAvenue had earlier become the first third party payment aggregator to ink a deal with NSDL Payments Bank for its net banking facility. This integration allows NSDL Payments Bank's customers to make easy and secured payments on innumerable eCommerce websites powered by CCAvenue.

"We are excited to announce that NSDL Payments Bank's net banking services are live on our platform", said Mr. T. Nandakumar Menon, Vice President - Alliances and Operations, Infibeam Avenues Ltd. "With the inclusion of this payment option, CCAvenue's merchant partners can now reach out to a larger target audience and drive revenue. Indian eCommerce businesses 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 availing its services.

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. The organization serves millions of merchants spread across verticals such as Retail, Travel, Real Estate, Telecommunication, Government departments, and Utility billers, Hospitality, Education and Healthcare. It enables merchants to 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 15 Multi Bank EMI options.