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CCAvenue expands its comprehensive ATM Card suite with the addition of Suryoday Bank to its platform
January 30, 2018

Continuing its commitment to promote nation-wide payment digitization, CCAvenue, India's leading payment gateway has integrated yet another payment option to its ever-widening platform. The PG now offers the ATM cum Debit facility of Suryoday Small Finance Bank to its 1 lakh+ merchant base. This inclusion will enable registered CCAvenue merchants to accept online payments from an entirely new set of customers, thereby opening up an additional revenue stream for their business.

Founded in 2008 as a micro finance institution, Suryoday transitioned into a small finance bank in January 2017 after receiving the final license from the Reserve Bank of India. As of November 2017, the bank had a network of 19 branches spanning across the states of Maharashtra, Gujarat, Madhya Pradesh and Tamil Nadu. It is now working towards raising this figure to 90 as well as gradually transforming its existing 217 micro finance doorstep centres into new bank branches.

CCAvenue.com had earlier integrated the Direct Debit facility of Suryoday Bank on its payment network to support its merchants in generating more sales opportunities. Now with the addition of the bank's ATM cum Debit facility, CCAvenue merchants will have further access to the bank's humongous customer base of 7.8 lakh account holders. Moreover, the alliance will offer customers a convenient online payment experience while they transact on any CCAvenue powered website. This payment mode allows customers to do away with the hassles of entering multiple credentials and waiting for the OTP. Instead, all they have to do is enter their regular ATM pin to complete the transaction.

Being India's leading third-party payment aggregator, CCAvenue continually works towards introducing new payment solutions and making digital payments more accessible. The PG already has the ATM Pin Debit Cards of all major banks integrated on its platform such as Canara Bank, ICICI Bank, IDFC Bank, Union Bank and more. As the company rolls out more and more such payment options, not only will it help merchants in maximizing their reach and revenue, but also offer online customers the payment options that they most prefer.

About Suryoday Small Finance Bank

suryodaya_bank Headquartered in Navi Mumbai, Suryoday Small Finance Bank was founded in January 2017. Suryoday - 'Sunrise' in Sanskrit, signifies a new beginning and this encompasses the bank's strong commitment to financial inclusion. Suryoday Bank endeavours to facilitate greater financial inclusion and the best-in-class customer experience by offering a unique blend of digital banking services, NPCI's payment systems, mobile technologies and traditional banking channels to the Indian populace. The bank's focus continues to remain on serving the 'banked', 'under-banked' and the 'un-banked' sections of the society. As of March 2017, the total net worth of the bank was Rs. 505 crores. To know more, visit suryodaybank.com.

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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