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AvenuesAI plans strategic investment in Ratnaafin Capital NBFC to drive AI-led embedded lendingAvenuesAI is planning a minority investment of up to 2.5% in Ratnaafin Capital, a scaled new-age NBFC with a lending book exceeding INR 200...- IAIRO appoints AvenuesAI's CMD Vishal Mehta as Technical AdvisorThe Indian AI Research Organisation (IAIRO), a fast-rising institution at the centre of India's sovereign artificial intelligence ambitions...
- Infibeam Avenues board approves rebranding to AvenuesAIThe company aims to reposition itself from being a payments and ecommerce infrastructure provider to an AI-led digital payments entity. “AI...
- Infibeam to sell ecommerce unit to Rediff for Rs 800 croreInfibeam Avenues has approved the sale of its ecommerce business to Rediff for Rs 800.39 crore, comprising cash and equity shares. This str...
- Gateways seek GST waiver on low-value commissionsPayment gateway operators are urging the finance ministry to reconsider an 18% GST levy on commissions from small-value digital transaction...
- Infibeam Avenues Q2 operational revenue tops Rs 1,000 crore, profit at Rs 47 croreThis marks a 16.7% increase from last year's Rs 40.6 crore for the company. This year saw an increase revenue as well as the expenses for t...
- GST on online transactions up to Rs 2,000 to be referred to fitment committee: Uttarakhand FM Premchand AggarwalUttarakhand Finance Minister Premchand Aggarwal stated that the GST Council did not reach a decision on imposing 18 per cent GST on payment...
- Infibeam Avenues reports 55% jump in profits at Rs 147 crore for FY24Infibeam Avenues, the Ahmedabad-based company behind CCAvenue payment gateway and BuildaBazaar enterprise software, saw its annual revenue ...
- CCAvenue UAE launches QR Code solutions in DubaiThe Indian listed fintech wants to tap the broader omnichannel payments market opening up worldwide.
- Infibeam enters Oman e-commerce market, ties up with Bank MuscatThe company is set to offer next-gen payment processing services under the flagship brand CCAvenue to merchants in ecommerce sector in Oman.
- CCAvenue collaborates with Riyad Bank to make inroads into Saudi Arabia's digital payment spaceIn collaboration with Riyad Bank the company will expand its payment platform in Saudi Arabia at a time when there is an upsurge in the cou...
- Online retailer Infibeam gets RBI nod for B2B payment serviceAccording to a source, CCAvenue will also have Bharat Bill Payments Systems (BBPS) facility for utility and services bill payments on its p...
- Infibeam to acquire cloud ERP solutions provider DRC SystemsLast month, Infibeam acquired CCAvenue, a digital payment gateway company, for an expected valuation of Rs 2000 crore.
- New digital payments rules may empty wallets for payments businessesRecent interventions done on merchant discount rate (MDR) are bound to have an impact on margins for payments businesses.
- IAMAI & PCI welcome the demonetisation of higher value currency notesAccording to PCI, this will move will lead to huge reduction in Cash on Delivery transactions and will definitely provide boost to Internet...
- FreeCharge-CCAvenue to give customers access to 1 lakh online merchantsWith this, FreeCharge is the fastest growing wallet in the country and well on its way to being the Digital Payment Operating System of Ind...
- Ringing Bells begins refunding customers after allegations of fraudRinging Bells has started refunding customers who paid upfront for Freedom 251 after intense scrutiny of its business model and allegations...
- Ringing Bells starts refunding customers, to only offer cash on deliveryCCAvenue, the payment gateway used by Ringing Bells on its website, told ET that it has started refunds worth Rs 84 lakh for 30,000 transac...
- IAMAI appoints Freecharge founder Kunal Shah as chairmanShah co-founded FreeCharge in August 2010 with an aim to build a business that turned recharges in to rewarding experiences for its consume...
- Indian platform www.dhamaal.com launched for tradersAhmedabad-based e-tailer and digital service provider Infibeam has teamed with payment gateway solution provider.
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