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ABN Amro the latest Avenues Net Banking Payment Option
14 January 2008

Avenues’ South-Asia’s largest integrated ecommerce company has always strived to bring its merchants, hoteliers and event holders the best in terms of payment options. It achieves this goal by continuously adding net banks to its direct debit engine. The latest bank to make the list is ABN Amro Bank.

ABN AMRO Bank is amongst the top 10 banks in the world in size and strength. Its international network comprises 3,568 branches and offices in over 320 cities and 76 countries and territories. The addition of this bank will give Avenues merchants, hoteliers and event organizers access to a new and extensive customer base. They can now sell goods and services and accept payments directly from all of ABN Amro account holders.

This partnership will also be extremely beneficial to ABN Amro. The bank will gain advanced technology and their account holders can now use their Bank Accounts to pay for the goods and services of over 5500 of Avenues' web merchants retailing millions of different types of products and services; they can make and pay for hotel reservations online; and can make online bookings for events and exhibitions.  

Mr. Vishwas Patel, the CEO of Avenues said, "Today, more and more people and businesses are discovering the power of the internet. We at Avenues want to ensure that our merchants, hoteliers and event managers, receive the most out of their real time, 24 x 7 online shops. To further this aim, especially in a credit card adverse society like India, you need to have as many net banking options as possible. However, for a smaller merchant to tie up with every bank is an impossible and exorbitant task. We aim to fill in the gap by providing our merchants with a single solution that has multiple payment options. We are constantly working towards this goal and we hope to include many more banks in the near future”.

About Avenues
Incorporated in the year 2001, Avenues is a zero-debt company, which has been profitable from its inception. Avenues is head quartered in Mumbai, India and has subsidiary companies and offices in USA, Singapore and China. Avenues has developed several innovative, cutting-edge ASP hosted solutions that are used by thousands of eMerchants globally. Beginning as a single product company that catered to the local market, Avenues has become a multi-product company that operates on a global scale. The Avenues support and development center is based in Mumbai, India. The total strength of the Avenues team is currently 125 persons spanning across all offices. Avenues has three Business Units namely– Avenues Commercial Services, Avenues Travel Industry Services and Avenues Community Related Services.

For more information, visit:
      
www.CCAvenue.com (for general eCommerce Processing),        
www.ResAvenue.com (for Online Hotel Reservations through the Hotel website),        
www.EventAvenue.com (for Online Event Management solution)

ABN AMRO

With assets over US $504 billion and an AA credit rating, ABN AMRO Bank ranks among the top 10 banks in the world in size and strength. Its international network comprises 3,568 branches and offices in over 320 cities and 76 countries and territories, with over 100,000 highly qualified staff. As a global bank, they can handle the most complicated cross-border transactions, yet understand the subtleties of local markets.In 1920, when ABN AMRO Bank began its services in Kolkata, India, it was known as a strong "diamond financing bank". Today, ABN AMRO offers unparalleled suite of client services -  Private Banking, Businesses and Commercial banking, Corporate and Institutional Banking, Portfolio Advisory Services etc through it 28 branches in 21 cities in India.

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