Infibeam Avenues' CCAvenue: A New Era in Indian Payment Gateway Industry



Explore the strategic move of Infibeam Avenues’ CCAvenue in securing eMSP Payment Technical Service Provider Approval from SAMA and forging a partnership with Saudi Arabia’s Premier Bank – SAB. Discover how this positions CCAvenue as a major player in the digital transactions market in Saudi Arabia, aligning with the country’s vision for 2030.


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CCAvenue: The First Indian Payment Gateway with eMSP Approval

Infibeam Avenues' flagship payment brand, CCAvenue, has made a significant stride in the Indian payment gateway industry by becoming the first player to secure eMSP (e-commerce Merchant Service Provider) Payment Technical Service Provider Approval from SAMA (Saudi Payments). This achievement not only marks a milestone for Infibeam Avenues but also paves the way for a more robust and secure digital payment ecosystem in India.

Tapping into Saudi Arabia's Digital Economy

In a strategic move to tap into the burgeoning digital economy of Saudi Arabia, Infibeam Avenues has now geared up to capitalise on the market's exponential growth potential. Saudi Arabia, one of the fastest-growing economies in the world, is on track for exponential growth in its digital economy. This is largely due to the government's 2030 vision and a target of receiving 130 million tourists a year.

Establishing CCAvenue as a Major PTSP Player

Post-certification, CCAvenue will establish itself as one of the major payment gateway (PTSP) players for digital transactions in the Saudi Arabian market. The company's CCAvenue payment gateway solution has done data localisation and hosting within the Kingdom of Saudi Arabia (KSA) as well as secured PTSP processing approval from the authorities.

Forging Partnership with Saudi Arabia’s Premier Bank – SAB

In addition to securing the eMSP approval, CCAvenue has also forged a Payment Processing Partnership MOU with Saudi Arabia’s Premier Bank – SAB (Saudi Awwal Bank). This partnership will enable CCAvenue to offer more diverse and flexible payment options to its customers, further enhancing its service offerings.



Conclusion: A New Chapter for Infibeam Avenues' CCAvenu

Infibeam Avenues' CCAvenue's recent achievements underscore its commitment to innovation, security, and customer satisfaction. By securing the eMSP Payment Technical Service Provider Approval from SAMA and forging a partnership with SAB, CCAvenue has reinforced its position as a leader in the Indian payment gateway industry. These developments not only bode well for CCAvenue's future growth but also contribute to the overall development of the digital payment ecosystem in India.

Keywords: Infibeam Avenues, CCAvenue, eMSP Payment Technical Service Provider Approval, SAMA, Saudi Payments, Saudi Arabia’s Premier Bank, SAB, Saudi Awwal Bank, digital economy, Saudi Arabia, payment gateway, PTSP, digital transactions, data localisation, hosting, Kingdom of Saudi Arabia, KSA, PTSP processing approval.


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