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CCAvenue Expands Payment Options With American Express
October 15, 2001

CCAvenue, India's first and only neutral online payment gateway, announced today that it would team up with financial services giant American Express to expand payment options to 50 million American Express card holders worldwide.
"As a pioneer in online payments in India, CCAvenue is committed to providing a safe, reliable and convenient method for online sales and purchases. With Amex now in its list of 'accepted cards', CCAvenue has made e-commerce safe and easy for millions of Amex cardmembers across India," said Mr Patel, CEO, Avenues. "By Amex cards, CCAvenue appointed merchants will now have an all important additional choice of payment for secure, online transactions."

CCAvenue enables any business or consumer with email to send and receive online payments securely, conveniently and cost-effectively. CCAvenue's network builds on the existing financial infrastructure of bank accounts and credit cards to create a global payment solution. CCAvenue is a popular payment network for online auction payment collection and is being increasingly used at other e-commerce sites for the sale of goods, services, and digital content.

American Express

American Express Company is a diversified worldwide travel and financial services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, investment products, insurance and international and online banking.

About Avenues
Avenues is a profitable, debt-free company and currently services thousands of eMerchants worldwide through its solutions www.CCAvenue.com, www.ResAvenue.com, www.EventAvenue.com, www.MembersAvenue.com, www.TrustAvenue.com, www.BpoAvenue.com. It is the largest integrated eCommerce solutions provider in South Asia. Avenues has shown revenue growth and profit growth consistently, year on year. Avenues is incorporated in India, and has offices in Singapore, Hong Kong, and USA. The Avenues support and development center is based in Mumbai, India. The total strength of the Avenues team is currently 120 personnel, spanning across all disciplines. For more information, log onto: www.Avenues.info

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