State Bank of Hyderabad ties up with Avenues
2011-07-26Avenues has signed a net banking agreement with State Bank of Hyderabad. State Bank of Hyderabad as a bank is committed to deliver excellence in customer satisfaction through technological upgrades. This commitment was the key driving force behind the agreement with Avenues, the parent company of CCAvenue.com, India's largest neutral online payment gateway. 85% of India's merchants power their websites with CCAvenue.com to sell an
array of products and services from clothing and jewelry to movie tickets and membership renewals. State Bank of India account holders will have online shopping convenience. They will be able to purchase and pay for all types of products and services on CCAvenue.com affiliated websites directly through their State Bank of Hyderabad bank accounts.
CCAvenue.com merchants also benefit from the signing of this direct debit agreement. The agreement with State Bank of Hyderabad will expand CCAvenue.com merchants' reach to include all State Bank of Hyderabad account holders. Now, CCAvenue.com merchants can sell and collect payments for their products and services instantly and directly online, easily. Through this direct banking agreement, CCAvenue.com reinforces its place as India's largest direct engine with 40 prominent Indian banks.
Vishwas Patel, CEO, Avenues said, "Since CCAvenue's launch in 2001, we have always endeavored to provide our CCAvenue merchants with the widest payment network. Year after year, we have consistently added to our payment network going from a single bank to around 40 banks. We are pleased to announce that we have added yet another bank 'State Bank of Hyderabad' to India's largest direct debit engine."
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