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CCAvenue expands its Direct Debit Engine - Becomes the first PG in the country to offer Ujjivan Small Finance Bank on its platform
January 19, 2018

Broadening its extensive suite of online payment options, CCAvenue.com today announced the inclusion of Ujjivan Small Finance Bank's internet banking facility. Headquartered in Bengaluru, Karnataka, Ujjivan Small Finance Bank becomes the 54th addition to CCAvenue's Direct Debit Engine, the largest in the country. CCAvenue is the first and currently the only payment gateway in the country to be offering this payment option to its humongous customer base of 1 lakh+ merchants.

Founded in February 2017, Ujjivan Small Finance Bank is a wholly owned subsidiary of Ujjivan Financial Services, one of India's leading microfinance institutions. On receiving the final license from the Reserve Bank of India, Ujjivan Bank commenced operations with five pilot branches in Bengaluru. Today, the bank operates a network of 115 branches across 20 states. Within the next 5 years, Ujjivan Bank aims to become a leading player in the retail banking space by laying special focus on the un-served and under-served populace of India.

Commenting on the addition, Mr. Vishwas Patel, Chief Executive Officer at CCAvenue said: "At CCAvenue, we believe that more options result in more business. This is why we incessantly work towards offering our merchants with the largest and most exclusive suite of payment options. With the inclusion of Ujjivan Small Finance Bank, we have further enriched our Direct Debit Engine. This new payment option will substantially widen the customer reach of our merchants and ensure that they have ample business opportunities across the length and breadth of the country."

Over the course of this fiscal year, CCAvenue endeavours to continue building alliances with several more banks and fintech institutions to expand its payment network further. As the company introduces more of such payment options, it will support its web merchants in amplifying their revenue stream and add value to the online payments space.

About Ujjivan Small Finance Bank

ujjivan_bank Headquartered in Bengaluru, Karnataka, Ujjivan Small Finance Bank Limited is a wholly owned subsidiary of Ujjivan Financial Services Ltd. The bank received the final license from the Reserve Bank of India to set up a Small Finance Bank in November 2016 and commenced operations from February 2017. Post its launch, Ujjivan Small Finance Bank successfully established its presence across 20 Indian states. It offers a wide range of new-age banking products and services to its vast customer base of 3.5 million users. The bank aims to utilize the full potential of India's unserved and underserved population and aid their development by offering them full financial stability. For more information, please visit www.ujjivansfb.in.

About CCAvenue
CCAvenue is a PCI DSS 3.2 compliant payments platform for ecommerce businesses in India. It is designed to help its 1 lakh+ merchants accept online payments through a spectrum of new-age payment options including 7 major Credit Cards, 98+ Debit Cards (All MasterCard /Visa /Maestro /RuPay Cards), Amex EzeClick, 53+ Net Banking, 16 Prepaid Instruments, UPI and up to 13 Multi Bank EMI options. Backed by a 16-year history of industry firsts, outstanding innovations and prestigious accolades, CCAvenue offers a multi-channel payment platform, along with a bunch of disruptive features such as CCAvenue Checkout, CCAvenue S.N.I.P., CCAvenue Store Front, CCAvenue Card Storage Vault (tokenization) and more.


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