Avenues’ South-Asia’s largest integrated ecommerce company has announced that Canara Bank is the latest addition to their direct debit engine. With this addition, their merchants will be able to accept payments from customers of 18 Indian banks.
Mr. Vishwas Patel, CEO of Avenues says, "Since the beginning, Avenues has been committed to providing our merchants with the widest range of payment options. Our commitment to this cause has been recognized, as today, we are India’s largest direct debit engine. We plan on consolidating and maintaining this milestone by continuing to add more banks and payment options to our solution.”
Canara Bank is one of the premium banks in India. It has a strong IT niche, which the bank is committed to maintaining. To further this goal the Bank has tied up with Avenues to gain advanced technology and provide their customers with shopping facilities at over 4500 websites.
Through this association, Canara Bank customers can now use their Bank Accounts to pay for the goods and services of over 4500 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.
A source from the bank, said, “Canara Bank has always offered its customers the best IT related services. We have tied-up with Avenues to ensure that our customers continue to receive the best possible services.”
CCAvenue is South Asia’s largest payment gateway solution powering thousands of eMerchants with real time, multi-currency, multiple payment options online payment processing services. The solution is powered by proprietary technology that integrates transaction processing, advance shopping cart, auction payment collection facility, fraud control, financial reporting and order tracking. CCAvenue is the only complete PG solution in the region that has the unique ability to offer the full spectrum of Internet payment options, including:
- All types of Credit Card processing through Multiple Banks and Card Associations
- Debit Card processing
- Direct Debit to bank accounts of over 15 Indian Banks, 22 Chinese Banks, 6 Canadian Banks and 3 Singapore Banks
- Mobile Payment Solutions via PayMate®
- Cash Card Processing of ITZ Cash®
For more information, visit: www.CCAvenue.com
About Canara Bank
Canara Bank is one of the premier banks in the country, accredited with umpteen distinctions. The present stature of the Bank is due to its strong fundamentals and quality customer orientations. Profit making since inception, the Bank today epitomizes a perfect blend of commercial and social banking. The Bank has carved a niche in providing IT-based services. With 100% computerization of the branches, the bank provides a wide array of services, such as, Networked ATMs, Anywhere Banking, Tele-banking, Remote Access Terminals Internet & Mobile Banking, Debit Card etc. The Bank was the first among banks to launch networked ATMs and obtain ISO Certification.