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CCAvenue:: Overview of Payment Processing Service for India - 20 million new customers for CCAvenue merchants! Avenues and Syndicate Bank sign a net banking agreement
India’s largest direct debit engine now has 21 banks

August 27, 2008 - Mumbai.

Avenues is pleased to announce that Bank of India is now a part of its direct debit engine. The addition of Bank of India to Avenues’ direct debit engine increases its list of net banks to 21. Avenues aim is to provide its merchants with the widest possible reach i.e. a reach that is not limited to only the metropolitan areas but also to small cities, districts and localities. Now, all Avenues' merchants can accept payments directly from Bank of India customer’s bank accounts.

Bank Of IndiaBank of India has a strong national presence and sizable international operations. It occupies a premier position among the nationalized banks. It has been in the forefront of introducing various innovative services and systems.

Through this mutually beneficial association, ‘Bank of India’ will gain advanced technology and maintain the goal of providing their customers with innovative services and systems. Bank of India customers will benefit as they can now use their Bank Accounts to pay for the goods and services of over 5000 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.

Bank Of IndiaAbout Bank of India
Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. In July 1969, the bank was nationalized along with 13 other banks. Over the years, the Bank of India has rapidly grown and blossomed into a mighty institution with a strong national presence and sizable international operations. It has 2884 branches spread all over India including 155 specialized branches. In business volume, the Bank occupies a premier position among the nationalized banks.

About Avenues
Avenues is a profitable, debt-free company and currently services thousands of eMerchants worldwide through its solutions,,,, It is the largest integrated eCommerce solutions provider in South Asia. Avenues has shown revenue growth and profit growth consistently, year on year. Avenues is incorporated in India, and has offices in Singapore, Hong Kong, and USA. The Avenues support and development center is based in Mumbai, India. The total strength of the Avenues team is currently 120 personnel, spanning across all disciplines. For more information, log onto:

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