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Infibeam Avenues Ltd's CCAvenue Collaborates with Shivalik Small Finance Bank for its Net Banking Facility
2nd May, 2024
With the objective of further consolidating its huge payment network, Infibeam Avenues' flagship digital payments facilitator CCAvenue has inked an agreement with Shivalik Small Finance Bank for its Net Banking option. This partnership opens a new window of opportunity for lakhs of merchants on board CCAvenue's comprehensive platform as they will soon be able to tap the large and ever growing customer base of Shivalik Small Finance Bank and enhance their business potential considerably.

Moreover, this move will enable lakhs of the bank's account holders to make easy payments on innumerable websites powered by CCAvenue, through a direct debit in their account.

With 24 years of rich experience, Shivalik has been technology-focussed since inception with consumer centricity as a key guiding principle. Founded in 1998, Shivalik became the first Small Finance Bank in India to have transitioned from an Urban Co-operative bank. The bank has more than 6 lakh customers and operates through 140 plus customer touchpoints across several states including Uttar Pradesh, Uttarakhand, Madhya Pradesh, National Capital Region (NCR), Telangana and Haryana.

"We are glad to announce our collaboration with Shivalik Small Finance Bank for its best-in-class net banking facility"; said . Mr. T. Nandakumar Menon, Sr. Vice President - Alliances and Operations, Infibeam Avenues Ltd. "The digital transformation and progress in India's banking sector is epitomised by banks like Shivalik Bank, which has recently unveiled its Next-Gen Fintech Platform. CCAvenue's partnership with Shivalik bank is anticipated to provide lucrative opportunities for lakhs of online entities in India for accelerating their business growth."

A large number of businesses powered by CCAvenue can look forward to a brighter future as the payment aggregator continues to roll out more such customer-friendly payment options in the months and years ahead.

About Shivalik Small Finance Bank
Shivalik Small Finance Bank Shivalik Small Finance Bank is the first Small Finance Bank in India to have transitioned from an Urban Cooperative Bank with 24 years of experience in offering retail banking products and services. The bank is technology-focused and is powered by Infosys Finacle Core Banking and Digital Banking Suite. The bank's cloud-based architecture provides it with unmatched agility to cost-effectively manage scale and power its growth. The bank has over 6 lakh unique customers and operates through 140 plus customer touchpoints across 74 districts and 7 states including Uttar Pradesh, Uttarakhand, Madhya Pradesh, National Capital Region (NCR), Telangana and Haryana. Learn more: https://www.shivalikbank.com

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.