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CCAvenue becomes the country's first third-party aggregator to include Corporation Bank EMI in its widest payment network
July 22, 2016

"CCAvenue.com, South Asia's largest payment gateway, has further enriched its Multi Bank EMI facility by becoming the first neutral payment gateway in the country to offer Corporation Bank's EMI facility. This move enables more than 2 Crores of the bank's account holders to make easy payments on 85% of Indian eCommerce websites powered by CCAvenue.

With its headquarters in Mangalore, Corporation bank is a leading public sector banking company with a strong PAN India presence. The bank's customers can now avail its online EMI facility on CCAvenue.com to make payments conveniently with their credit cards over a suitable timeframe, mainly for high value merchandise or for impulse purchases.

More than 1 lakh Indian eCommerce businesses powered by CCAvenue stand to gain directly through the addition of Corporation Bank's EMI payment option. These merchants can now tap the bank's huge customer base to multiply their revenues. CCAvenue's MULTI BANK EMI option includes nine other leading banks to ensure the widest coverage for their merchants. With the EMI options of other top banks soon to be included in this payment bouquet, the future looks bright for these websites as they can avail these lucrative opportunities to expand their online businesses substantially.

About Corporation Bank
Established in 1906, Corporation bank is a leading public sector banking company with over 10,204 service outlets spread across the nation. In 1997, it became the second public sector bank in the country to enter capital market, the IPO of which was over- subscribed by 13 times. The bank has achieved considerable success and has recorded INR 3,45,493 Crore in business in the last financial year alone. Corporation Bank has many "firsts" to its credit - Cash Management Services, Gold Banking, m-Commerce, "Online" approvals for Educational loans, 100% CBS Compliance and more recently, its pioneering efforts to take technology to the rural masses in remotest villages through low-cost branchless banking - Business Correspondent model. The bank has won several prestigious awards over the years including the "Excellence Award on Empowering MSMEs -2015" instituted by the Federation of Industry, Trade and Services [FITS].

About Avenues
With its headquarters in Mumbai, Avenues India has developed several cutting-edge solutions that are used by thousands of eMerchants spanning across South Asia. Its flagship brand, CCAvenue offers real-time, multi-currency online payment processing services for businesses in the major industry verticals. It is the only complete PG solution in the region that offers the full spectrum of Internet payment options including the 6 major Credit Cards, 98+ Debit Cards (All MasterCard /Visa /Maestro /RuPay Cards), Amex EzeClick, 53+ Net Banking, 15 Prepaid Instruments and up to 10 Multi Bank EMI options.
For more information, visit www.ccavenue.com

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