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CCAvenue adds
eNACH to its Recurring
Payments Suite
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Taking expansion in payments to the next level, CCAvenue has now enabled eNACH within its existing suite of recurring payments which includes standing instructions on credit and debit cards. Electronic National Automated Clearing House or eNACH is an electronic payment system that creates digital mandates and facilitates automated processing of subscription based payments that are of a recurring nature, making them secure and free from hassles. Replacing the outdated methods of tedious manual payments that involved lengthy formalities and chances of error, CCAvenue's digitally authorized and encrypted eNACH transactions assists merchants to process auto-debits directly from the customer's bank account making recurring payments safe and reliable.
Further, eNACH reduces time consumption and transaction costs, saves paper printing costs, and cuts the risk of payment defaults helping avoid heavy penalties due to missed payments. eNACH's distributed payments model also enhances the flexibility factor in consumer payments making the deal affordable.
eNACH contributes to an evolving realm of digital transactions in a cashless society where automated and secure subscription payments are an absolute need. |
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CCAvenue Honoured as 'Innovative Payments Solutions Provider of the Year' at ETBFSI Exceller Awards 2024
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CCAvenue, a premier brand under Infibeam Avenues, has been recognized as the 'Innovative Payments Solutions Provider of the Year' at the prestigious ETBFSI Exceller Awards 2024. The accolade highlights the company's groundbreaking contributions to the digital payments landscape, particularly through its CCAvenue Mobile App and CCAvenue TapPay solution. The award ceremony, organized by Times Internet on November 29, 2024, at Sofitel, Mumbai, marked the 6th Edition of the ETBFSI Exceller Awards. This event celebrates outstanding achievements in payment innovation by vendors serving the BFSI sector, including Fintechs, banks, and corporates. |
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INDUSTRY NEWS
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Finance Ministry says UPI records 15,547 crore transactions worth ₹223 lakh crore in 11 months
Source: livemint.com
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Understanding payment fraud: The growing threat to fintech startups
Source: yourstory.com
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India is scanning more QR codes! UPI becomes top transaction mode in rural, semi-urban India
Source: economictimes.indiatimes.com
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Digital payment infrastructure facilitates over 160 billion transactions in a year for a value of over Rs 2400 trillion
Source: business-standard.com
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