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.infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style>Infibeam Avenues Limited is an <a href="/wiki/India" title="India">Indian</a> <a href="/wiki/Fintech" title="Fintech">fintech</a> company that provides digital payment services, <a href="/wiki/Ecommerce_platform" class="mw-redirect" title="Ecommerce platform">eCommerce platforms</a>, digital lending, data <a href="/wiki/Cloud_storage" title="Cloud storage">cloud storage</a> and omnichannel enterprise software to businesses across industries in <a href="/wiki/India" title="India">India</a> and globally.<a href="#cite_note-2">[2]</a><a href="#cite_note-3">[3]</a><a href="#cite_note-4">[4]</a> <table class="infobox ib-company vcard"><caption class="infobox-title fn org" style="font-size: 125%;">Infibeam Avenues Limited</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><a href="/wiki/File:Ia-infibeam-avenues.png" class="mw-file-description"><img alt="Infibeam logo" src="//upload.wikimedia.org/wikipedia/commons/9/9e/Ia-infibeam-avenues.png" decoding="async" width="200" height="70" class="mw-file-element" data-file-width="200" data-file-height="70"></a></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Public_company" title="Public company">Public</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><a href="/wiki/National_Stock_Exchange_of_India" title="National Stock Exchange of India">NSE</a>: <a rel="nofollow" class="external text" href="https://www.nseindia.com/get-quotes/equity?symbol=INFIBEAM">INFIBEAM</a> <a href="/wiki/Bombay_Stock_Exchange" title="Bombay Stock Exchange">BSE</a>: <a rel="nofollow" class="external text" href="https://www.bseindia.com/stock-share-price/x/y/539807/">539807</a></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Internet" title="Internet">Internet</a>, <a href="/wiki/Fintech" title="Fintech">Fintech</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">2007; 18 years ago (2007)</td></tr><tr><th scope="row" class="infobox-label">Founder</th><td class="infobox-data agent">Vishal Mehta</td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label"><a href="/wiki/Gujarat_International_Finance_Tec-City" class="mw-redirect" title="Gujarat International Finance Tec-City">GIFT City</a>, <a href="/wiki/Gandhinagar" title="Gandhinagar">Gandhinagar</a>, <a href="/wiki/India" title="India">India</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Area served</div></th><td class="infobox-data"><a href="/wiki/India" title="India">India</a>, <a href="/wiki/Middle_East" title="Middle East">Middle East</a>, USA & Australia</td></tr><tr><th scope="row" class="infobox-label">Services</th><td class="infobox-data category"><div><ul><li><a href="/wiki/Online_payment" class="mw-redirect" title="Online payment">Online payments</a></li><li>Internet services (data centres, domains)</li><li><a href="/wiki/E-commerce_software" class="mw-redirect" title="E-commerce software">e-commerce software</a>, <a href="/wiki/Artificial_intelligence" title="Artificial intelligence">Artificial Intelligence</a></li></ul></div></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300"> ₹3,171 crore (US$370 million)<a href="#cite_note-eti-1">[1]</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Earnings_before_interest_and_taxes" title="Earnings before interest and taxes">Operating income</a></div></th><td class="infobox-data"> ((FY23-24))</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Net_income" title="Net income">Net income</a></div></th><td class="infobox-data"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300"> ₹147 crore (US$17 million)<a href="#cite_note-eti-1">[1]</a> ((FY23-24))</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data">650 (in 2022)</td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><a rel="nofollow" class="external free" href="https://www.ia.ooo/">https://www.ia.ooo/</a></td></tr></tbody></table> Through its flagship brand, CCAvenue, the business is present in the payment infrastructure market, processing more than <a href="/wiki/United_States_dollar" title="United States dollar">US$</a>86 <a href="/wiki/Billion" title="Billion">billion</a> in online payments.<a href="#cite_note-5">[5]</a> Infibeam Avenues claims to have more than 10 million merchants on its platform. It also operates in overseas markets like the <a href="/wiki/United_States" title="United States">United States</a>, <a href="/wiki/Saudi_Arabia" title="Saudi Arabia">Saudi Arabia</a>, the <a href="/wiki/United_Arab_Emirates" title="United Arab Emirates">UAE</a>, and <a href="/wiki/Australia" title="Australia">Australia</a>.<a href="#cite_note-6">[6]</a> It is headquartered in <a href="/wiki/Gujarat_International_Finance_Tec-City" class="mw-redirect" title="Gujarat International Finance Tec-City">GIFT City</a>, <a href="/wiki/Gujarat" title="Gujarat">Gujarat</a>, India with offices in <a href="/wiki/Delhi" title="Delhi">Delhi</a>, <a href="/wiki/Mumbai" title="Mumbai">Mumbai</a> and <a href="/wiki/Bengaluru" title="Bengaluru">Bengaluru</a>.<a href="#cite_note-S._Prem_Kumar-7">[7]</a> <div id="toc" class="toc" role="navigation" aria-labelledby="mw-toc-heading"><input type="checkbox" role="button" id="toctogglecheckbox" class="toctogglecheckbox" style="display:none"><div class="toctitle" lang="en" dir="ltr"><h2 id="mw-toc-heading">Contents</h2><label class="toctogglelabel" for="toctogglecheckbox"></label></div> <ul> <li class="toclevel-1 tocsection-1"><a href="#History">1 History</a></li> <li class="toclevel-1 tocsection-2"><a href="#Services">2 Services</a> <ul> <li class="toclevel-2 tocsection-3"><a href="#Payment_Processing">2.1 Payment Processing</a></li> <li class="toclevel-2 tocsection-4"><a href="#Merchants_Financing/Lending">2.2 Merchants Financing/Lending</a></li> <li class="toclevel-2 tocsection-5"><a href="#Enterprise_ecommerce_software_platform">2.3 Enterprise ecommerce software platform</a></li> <li class="toclevel-2 tocsection-6"><a href="#Data_Centre_infrastructure_services">2.4 Data Centre infrastructure services</a></li> <li class="toclevel-2 tocsection-7"><a href="#Artificial_Intelligence">2.5 Artificial Intelligence</a></li> </ul> </li> <li class="toclevel-1 tocsection-8"><a href="#Mergers_&_Acquisitions">3 Mergers & Acquisitions</a></li> <li class="toclevel-1 tocsection-9"><a href="#Partnership">4 Partnership</a></li> <li class="toclevel-1 tocsection-10"><a href="#Awards_and_recognition">5 Awards and recognition</a></li> <li class="toclevel-1 tocsection-11"><a href="#References">6 References</a></li> </ul> </div> </section><div class="mw-heading mw-heading2 section-heading" onclick="mfTempOpenSection(1)"><h2 id="History">History</h2> <a role="button" href="/w/index.php?title=Infibeam&action=edit&section=1" title="Edit section: History" class="cdx-button cdx-button--size-large cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--icon-only cdx-button--weight-quiet "> edit </a> </div><section class="mf-section-1 collapsible-block" id="mf-section-1"> Infibeam Avenues was established in 2007 by Vishal Mehta.<a href="#cite_note-8">[8]</a> The company was listed on the <a href="/wiki/BSE_SENSEX" title="BSE SENSEX">BSE</a> and the <a href="/wiki/National_Stock_Exchange_of_India" title="National Stock Exchange of India">NSE</a> in 2016. It provides its marketplace software platform, BAB, to two of India's four largest eCommerce organisations – <a href="/wiki/Government_e_Marketplace" title="Government e Marketplace">GeM</a> and <a href="/wiki/JioMart" title="JioMart">JioMart</a>.<a href="#cite_note-9">[9]</a><a href="#cite_note-IT-10">[10]</a> On 7 September 2022, Infibeam Avenues launched its omni-channel mobile app CCAvenue TapPay that allows businesses and entrepreneurs to convert any NFC-enabled <a href="/wiki/Android_(operating_system)" title="Android (operating system)">Android phone</a> into smart PoS terminals.<a href="#cite_note-11">[11]</a> In August 2024, Infibeam Avenues Ltd. acquired a 54.1% stake in internet business firm <a href="/wiki/Rediff.com" title="Rediff.com">Rediff.com India Ltd.</a> Post-acquisition, Rediff.com became a subsidiary of Infibeam Avenues.<a href="#cite_note-TBL-12">[12]</a> Vishal Mehta, the founder of Infibeam, has assumed the role of Chairman and Managing Director of <a href="/wiki/Rediff.com" title="Rediff.com">Rediff.com</a>. He succeeds <a href="/wiki/Ajit_Balakrishnan" title="Ajit Balakrishnan">Ajit Balakrishnan</a>, who has directed the corporation since its inception in 1996. The leadership transition occurs subsequent to Infibeam Avenues Ltd's acquisition of a controlling interest in <a href="/wiki/Rediff.com" title="Rediff.com">Rediff.com</a>.<a href="#cite_note-13">[13]</a> </section><div class="mw-heading mw-heading2 section-heading" onclick="mfTempOpenSection(2)"><h2 id="Services">Services</h2> <a role="button" href="/w/index.php?title=Infibeam&action=edit&section=2" title="Edit section: Services" class="cdx-button cdx-button--size-large cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--icon-only cdx-button--weight-quiet "> edit </a> </div><section class="mf-section-2 collapsible-block" id="mf-section-2"> <div class="mw-heading mw-heading3"><h3 id="Payment_Processing">Payment Processing</h3> <a role="button" href="/w/index.php?title=Infibeam&action=edit&section=3" title="Edit section: Payment Processing" class="cdx-button cdx-button--size-large cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--icon-only cdx-button--weight-quiet "> edit </a> </div> Infibeam provides a digital payment gateway service through CCAvenue. The CCAvenue Payment Gateway offers multiple payment options, supports 18 different languages, and facilitates transactions in 27 major foreign currencies. It also establishes a secure link between websites, institutions, and banks during transactions. CCAvenue's 'TokenPay' help merchants to comply with the <a href="/wiki/Reserve_Bank_of_India" title="Reserve Bank of India">Reserve Bank of India</a>'s data security norms by securing multi-network tokenisation, which works across major card networks, including <a href="/wiki/MasterCard" class="mw-redirect" title="MasterCard">MasterCard</a>, <a href="/wiki/RuPay" title="RuPay">RuPay</a>, and <a href="/wiki/Visa_Inc." title="Visa Inc.">Visa</a>.<a href="#cite_note-14">[14]</a> The Reserve Bank of India had granted Infibeam Avenues "in-principle" authorisation to operate as a Payment Aggregator (PA) under the brand CCAvenue, to allow a wide range of online and offline transactions. Payment aggregators allow e-commerce platforms and merchants to accept a variety of payment methods from customers, simplifying the payment process and removing the need for merchants to design their own payment integration system.<a href="#cite_note-15">[15]</a> The <a href="/wiki/Reserve_Bank_of_India" title="Reserve Bank of India">Reserve Bank of India</a> has granted Infibeam Avenues Limited, India's first publicly traded fintech startup, a permanent licence for its bill payments platform, BillAvenue. BillAvenue can use this licence to operate as a Bharat Bill Payment Operating Unit (BBPOU) under the Bharat Bill Payment System (BBPS). BillAvenue functions as both a biller and a customer operating unit as a BBPOU, easing the onboarding of Billers and Agent Institutions to service clients.<a href="#cite_note-16">[16]</a> <div class="mw-heading mw-heading3"><h3 id="Merchants_Financing/Lending">Merchants Financing/Lending</h3> <a role="button" href="/w/index.php?title=Infibeam&action=edit&section=4" title="Edit section: Merchants Financing/Lending" class="cdx-button cdx-button--size-large cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--icon-only cdx-button--weight-quiet "> edit </a> </div> Infibeam Avenue has a lending aggregation platform called Trust Avenue. The company has facilitated AI-based lending for 3 million merchants through partnerships with banks and NBFCs.<a href="#cite_note-17">[17]</a> <div class="mw-heading mw-heading3"><h3 id="Enterprise_ecommerce_software_platform">Enterprise ecommerce software platform</h3> <a role="button" href="/w/index.php?title=Infibeam&action=edit&section=5" title="Edit section: Enterprise ecommerce software platform" class="cdx-button cdx-button--size-large cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--icon-only cdx-button--weight-quiet "> edit </a> </div> Infibeam Avenues' enterprise ecommerce software platform BuildaBazaar hosts India's largest online marketplace for government procurement. The company also entered into a definitive agreement with <a href="/wiki/Jio_Platforms" title="Jio Platforms">Jio Platforms</a> to offer its enterprise software licence and enterprise digital payments platform to Jio Platforms and its associates for their internal businesses.<a href="#cite_note-18">[18]</a><a href="#cite_note-19">[19]</a><a href="#cite_note-20">[20]</a> On November 20, 2017, Infibeam Avenues launched BillAvenue, an inter-operable digital bill payments platform built over the Bharat Bill Payment System (BBPS) infrastructure to enable service providers to accept bill payments from customers nationwide, through both online and offline channels.<a href="#cite_note-21">[21]</a> <div class="mw-heading mw-heading3"><h3 id="Data_Centre_infrastructure_services">Data Centre infrastructure services</h3> <a role="button" href="/w/index.php?title=Infibeam&action=edit&section=6" title="Edit section: Data Centre infrastructure services" class="cdx-button cdx-button--size-large cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--icon-only cdx-button--weight-quiet "> edit </a> </div> The company forayed into the segment of infrastructure or data centre-as-a-service, and built a state-of-the-art Tier-III data centre in GIFT City, <a href="/wiki/Gandhinagar" title="Gandhinagar">Gandhinagar</a>. It received Tier-III design certification from Uptime Institute as it is equipped with fully redundant and dual-powered servers, storage, network links and other IT components.<a href="#cite_note-22">[22]</a> Infibeam Avenues has partnered with IBM India to develop implement and promote blockchain capabilities on the LinuxOne platform.<a href="#cite_note-23">[23]</a><a href="#cite_note-24">[24]</a> <div class="mw-heading mw-heading3"><h3 id="Artificial_Intelligence">Artificial Intelligence</h3> <a role="button" href="/w/index.php?title=Infibeam&action=edit&section=7" title="Edit section: Artificial Intelligence" class="cdx-button cdx-button--size-large cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--icon-only cdx-button--weight-quiet "> edit </a> </div> Infibeam Avenues announced its entry into the AI-enabled fraud detection industry on August 8, 2023, with the goal of developing Artificial Intelligence (AI) solutions for authentication, fraud detection, and risk identification in both domestic and worldwide markets. In the beginning, the company will focus on the digital payments and financial industries, employing AI and machine learning algorithms to detect online transaction fraud in real time. Infibeam Avenues also intends to build India's first AI HUB at GIFT City.<a href="#cite_note-25">[25]</a> </section><div class="mw-heading mw-heading2 section-heading" onclick="mfTempOpenSection(3)"><h2 id="Mergers_&_Acquisitions">Mergers & Acquisitions</h2> <a role="button" href="/w/index.php?title=Infibeam&action=edit&section=8" title="Edit section: Mergers & Acquisitions" class="cdx-button cdx-button--size-large cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--icon-only cdx-button--weight-quiet "> edit </a> </div><section class="mf-section-3 collapsible-block" id="mf-section-3"> <table class="wikitable"> <tbody><tr> <th>Year</th> <th>Type</th> <th>Company Name</th> <th>Notes</th> <th>Valuation/Stake</th> <th>Cites </th></tr> <tr> <td>2024</td> <td>Acquisition</td> <td><a href="/wiki/Rediff.com" title="Rediff.com">Rediff.com</a></td> <td>Rediff.com is a Mumbai-based internet company, founded in 1996. It provides news and information, enterprise email services and an online digital marketplace.</td> <td>54% acquired</td> <td><a href="#cite_note-TBL-12">[12]</a> </td></tr> <tr> <td>2024</td> <td>Investment</td> <td>XDuce</td> <td>XDuce is an enterprise app and AI development company that specialises in building AI solutions for businesses to optimise their internal operations and customer-facing systems.</td> <td>20% acquired</td> <td><a href="#cite_note-26">[26]</a> </td></tr> <tr> <td>2023</td> <td>Investment</td> <td>Pirimid Fintech</td> <td>Pirimid Fintech is a capital markets financial software provider. The company develops customised capital markets and digital lending products, tools, and services to meet the industry's needs, globally.</td> <td>49% acquired</td> <td><a href="#cite_note-27">[27]</a> </td></tr> <tr> <td>2022</td> <td>Investment</td> <td>Vishko22</td> <td>Vishko22 is a software startup that develops omnichannel enterprise software products and services for domestic and international ecommerce marketplaces.</td> <td>Acquired 50% stake</td> <td><a href="#cite_note-28">[28]</a> </td></tr> <tr> <td>2022</td> <td>Acquisition</td> <td>SoftPOS</td> <td>SoftPOS startup Uvik Technologies</td> <td>Rs 75 crore</td> <td><a href="#cite_note-29">[29]</a> </td></tr> <tr> <td>2020</td> <td>Acquisition</td> <td>Cardpay Technologies Ltd.</td> <td>Bengaluru-based Cardpay Technologies provides unified spend management platform to corporates</td> <td>NA</td> <td><a href="#cite_note-30">[30]</a> </td></tr> <tr> <td>2018</td> <td>Acquisition</td> <td>Instant Global Paytech Pvt. Ltd (IGPL)</td> <td>Mumbai-based digital payments tech firm Instant Global Paytech Pvt. Ltd (IGPL), which operates Go Payments</td> <td>Acquired 48% stake</td> <td><a href="#cite_note-31">[31]</a> </td></tr> <tr> <td>2017</td> <td>Merger</td> <td>CCAvenue</td> <td>Infibeam and Avenues (India) Private Limited entered into a binding agreement to merge and take control of CCAvenue through Equity Stake</td> <td>NA</td> <td><a href="#cite_note-tc-32">[32]</a> </td></tr> <tr> <td>2017</td> <td>Acquisition</td> <td>DRC Systems India Pvt Ltd</td> <td>Infibeam Avenues acquired DRC Systems India Pvt Ltd, a company which provides software services for enterprise E-commerce, ERP and related fields</td> <td>MoU</td> <td><a href="#cite_note-33">[33]</a> </td></tr> <tr> <td>2014</td> <td>Acquisition</td> <td>Odigma</td> <td>Infibeam acquired Odigma, a digital marketing company</td> <td>$5 million</td> <td><a href="#cite_note-34">[34]</a> </td></tr></tbody></table> </section><div class="mw-heading mw-heading2 section-heading" onclick="mfTempOpenSection(4)"><h2 id="Partnership">Partnership</h2> <a role="button" href="/w/index.php?title=Infibeam&action=edit&section=9" title="Edit section: Partnership" class="cdx-button cdx-button--size-large cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--icon-only cdx-button--weight-quiet "> edit </a> </div><section class="mf-section-4 collapsible-block" id="mf-section-4"> <table class="wikitable"> <tbody><tr> <th>Year</th> <th>Type</th> <th>Company Name</th> <th>Notes</th> <th>Status</th> <th>Cites </th></tr> <tr> <td>2024</td> <td>MoU</td> <td><a href="/wiki/Entrepreneurship_Development_Institute_of_India" title="Entrepreneurship Development Institute of India">Entrepreneurship Development Institute of India</a></td> <td>(MoU) aims to accelerate the adoption of Artificial Intelligence (AI) across enterprises, start-ups, and MSMEs.</td> <td>Active</td> <td><a href="#cite_note-35">[35]</a> </td></tr> <tr> <td>2024</td> <td>MoU</td> <td><a href="/wiki/Government_of_Gujarat" title="Government of Gujarat">Government of Gujarat</a></td> <td>Infibeam Avenues Ltd has signed a Memorandum of Understanding (MoU) with Gujarat government for a proposed investment of ₹2,000 crore in its Artificial Intelligence (AI) Hub at GIFT City by financial year 2030.</td> <td>In Progress</td> <td><a href="#cite_note-36">[36]</a> </td></tr> <tr> <td>2020</td> <td>License deal</td> <td><a href="/wiki/Jio_Platforms" title="Jio Platforms">Jio Platforms</a></td> <td>The company signed a deal to license its e-commerce and payment software with <a href="/wiki/Jio_Platforms" title="Jio Platforms">Jio Platforms</a>, <a href="/wiki/Reliance_Jio" class="mw-redirect" title="Reliance Jio">Reliance Jio</a>'s digital platform venture</td> <td>Active</td> <td><a href="#cite_note-37">[37]</a> </td></tr> <tr> <td>2020</td> <td>Agreement</td> <td><a href="/wiki/JPMorgan_Chase" title="JPMorgan Chase">JPMorgan Chase Bank</a></td> <td>Infibeam Avenues entered into a definitive agreement with <a href="/wiki/JPMorgan_Chase" title="JPMorgan Chase">JPMorgan Chase Bank</a> to use the company's flagship enterprise payment platform CCAvenue for processing transactions for its enterprise clients</td> <td>Active</td> <td><a href="#cite_note-38">[38]</a> </td></tr> <tr> <td>2020</td> <td>Partnership</td> <td>Bank Dhofar SAOG</td> <td>Infibeam Avenues partnered with Oman's Bank Dhofar SAOG to provide CCAvenue payment gateway service to process online card transactions of various payment networks for Bank Dhofar SAOG and help the bank authorize online payments for its customers</td> <td>Active</td> <td><a href="#cite_note-39">[39]</a> </td></tr> <tr> <td>2020</td> <td>Partnership</td> <td><a href="/wiki/Bank_Muscat" title="Bank Muscat">Bank Muscat</a></td> <td>Infibeam Avenues collaborated with <a href="/wiki/Bank_Muscat" title="Bank Muscat">Bank Muscat</a>, a financial services provider in the Sultanate of <a href="/wiki/Oman" title="Oman">Oman</a></td> <td>Active</td> <td><a href="#cite_note-40">[40]</a> </td></tr> <tr> <td>2019</td> <td>Partnership</td> <td><a href="/wiki/Riyad_Bank" title="Riyad Bank">Riyad Bank</a></td> <td>Infibeam Avenues partnered with <a href="/wiki/Riyad_Bank" title="Riyad Bank">Riyad Bank</a> for digital payments services</td> <td>Active</td> <td><a href="#cite_note-41">[41]</a> </td></tr> <tr> <td>2017</td> <td>Contract</td> <td><a href="/wiki/Government_e_Marketplace" title="Government e Marketplace">Government e Marketplace</a></td> <td>Infibeam Avenues along with consortium partners entered a contract for managed service provider from the Government of India to design, develop, implement, operate and maintain the Government e-Marketplace portal (GeM)</td> <td>Active</td> <td><a href="#cite_note-IT-10">[10]</a> </td></tr></tbody></table> </section><div class="mw-heading mw-heading2 section-heading" onclick="mfTempOpenSection(5)"><h2 id="Awards_and_recognition">Awards and recognition</h2> <a role="button" href="/w/index.php?title=Infibeam&action=edit&section=10" title="Edit section: Awards and recognition" class="cdx-button cdx-button--size-large cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--icon-only cdx-button--weight-quiet "> edit </a> </div><section class="mf-section-5 collapsible-block" id="mf-section-5"> <ul><li>ET BFSI Excellence Awards 2022<a href="#cite_note-42">[42]</a></li></ul> </section><div class="mw-heading mw-heading2 section-heading" onclick="mfTempOpenSection(6)"><h2 id="References">References</h2> <a role="button" href="/w/index.php?title=Infibeam&action=edit&section=11" title="Edit section: References" class="cdx-button cdx-button--size-large cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--icon-only cdx-button--weight-quiet "> edit </a> </div><section class="mf-section-6 collapsible-block" id="mf-section-6"> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-eti-1">^ <a href="#cite_ref-eti_1-0">a</a> <a href="#cite_ref-eti_1-1">b</a> <style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://economictimes.indiatimes.com/tech/technology/infibeam-avenues-reports-55-jump-in-profits-at-rs-147-crore-for-fy24/articleshow/110180630.cms">"Infibeam Avenues reports 55% jump in profits at Rs 147 crore for FY24"</a>. The Economic Times. 16 May 2024.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=The+Economic+Times&rft.atitle=Infibeam+Avenues+reports+55%25+jump+in+profits+at+Rs+147+crore+for+FY24&rft.date=2024-05-16&rft_id=https%3A%2F%2Feconomictimes.indiatimes.com%2Ftech%2Ftechnology%2Finfibeam-avenues-reports-55-jump-in-profits-at-rs-147-crore-for-fy24%2Farticleshow%2F110180630.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AInfibeam" class="Z3988"> </li> <li id="cite_note-2"><a href="#cite_ref-2">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDutta2019" class="citation web cs1">Dutta, Vishal (19 August 2019). <a rel="nofollow" class="external text" href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/fintech-firm-suvidhaa-plans-e-commerce-foray/articleshow/70732595.cms">"Fintech firm Suvidhaa plans e-commerce foray"</a>. <a href="/wiki/The_Economic_Times" title="The Economic Times">The Economic Times</a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=The+Economic+Times&rft.atitle=Fintech+firm+Suvidhaa+plans+e-commerce+foray&rft.date=2019-08-19&rft.aulast=Dutta&rft.aufirst=Vishal&rft_id=https%3A%2F%2Feconomictimes.indiatimes.com%2Fsmall-biz%2Fstartups%2Fnewsbuzz%2Ffintech-firm-suvidhaa-plans-e-commerce-foray%2Farticleshow%2F70732595.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AInfibeam" class="Z3988"> </li> <li id="cite_note-3"><a href="#cite_ref-3">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.suvideals.ooo/static/help/migration_message.pdf">"Migration Message"</a> (PDF). 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The Economic Times.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Economic+Times&rft.atitle=Riyad+Bank%3A+CCAvenue+collaborates+with+Riyad+Bank+to+make+inroads+into+Saudi+Arabia%27s+digital+payment+space&rft.aulast=Dutta&rft.aufirst=Vishal&rft_id=https%3A%2F%2Feconomictimes.indiatimes.com%2Fsmall-biz%2Fstartups%2Fnewsbuzz%2Fccavenue-collaborates-with-riyad-bank-to-make-inroads-into-saudi-arabias-digital-payment-space%2Farticleshow%2F71213181.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AInfibeam" class="Z3988"> </li> <li id="cite_note-42"><a href="#cite_ref-42">^</a> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://bfsi.economictimes.indiatimes.com/news/industry/etbfsi-excellence-awards-32-winners-who-made-a-difference-in-bfsi-sector-celebrates-with-abhinav-bindra/98203719">"ETBFSI Excellence Awards: 32 winners who made a difference in BFSI sector celebrates with Abhinav Bindra - ET BFSI"</a>. ETBFSI.com.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=ETBFSI.com&rft.atitle=ETBFSI+Excellence+Awards%3A+32+winners+who+made+a+difference+in+BFSI+sector+celebrates+with+Abhinav+Bindra+-+ET+BFSI&rft_id=https%3A%2F%2Fbfsi.economictimes.indiatimes.com%2Fnews%2Findustry%2Fetbfsi-excellence-awards-32-winners-who-made-a-difference-in-bfsi-sector-celebrates-with-abhinav-bindra%2F98203719&rfr_id=info%3Asid%2Fen.wikipedia.org%3AInfibeam" class="Z3988"> </li> </ol></div></div>    </section></div> <noscript><img src="https://login.wikimedia.org/wiki/Special:CentralAutoLogin/start?useformat=mobile&type=1x1&usesul3=0" alt="" width="1" height="1" style="border: none; position: absolute;"></noscript> <div class="printfooter" data-nosnippet="">Retrieved from "<a dir="ltr" href="https://en.wikipedia.org/w/index.php?title=Infibeam&oldid=1258924888">https://en.wikipedia.org/w/index.php?title=Infibeam&oldid=1258924888</a>"</div></div> </div> <div class="post-content" id="page-secondary-actions"> </div> </main> <footer class="mw-footer minerva-footer" role="contentinfo"> <a class="last-modified-bar" href="/w/index.php?title=Infibeam&action=history"> <div class="post-content last-modified-bar__content"> Last edited on 22 November 2024, at 11:20 </div> </a> <div class="post-content footer-content"> <div id='mw-data-after-content'> <div class="read-more-container"></div> </div> <div id="p-lang"> <h4>Languages</h4> <section> <ul id="p-variants" class="minerva-languages"></ul> <ul class="minerva-languages"></ul> This page is not available in other languages. </section> </div> <div class="minerva-footer-logo"><img src="/static/images/mobile/copyright/wikipedia-wordmark-en.svg" alt="Wikipedia" width="120" height="18" style="width: 7.5em; 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