Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release on consolidation of international business.

3 days ago

PRESS RELEASE

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  • Infibeam Avenues Ltd, a leading fintech & payment infrastructure company, restructures and consolidates its international business to aggressively tap and expand its global digital payment gateway infrastructure market.

  • The company plans to increase its global play in the digital payments space by going aggressively with its flagship brand CCAvenue – a major digital payment gateway infrastructure provider in India, processing at an annual run‐rate of Rs 3.9 lakh Crore.

  • To keep pace with the emerging potentials & requirements of the international market for digital payments infrastructure, the consolidation of international business out of UAE will be a crucial step in our pursuit to become a global fintech & payment infrastructure company," said Mr. Vishal Mehta, Managing Director, Infibeam Avenues Ltd.

  • "We want to increase the diversification of our business through expanding & strengthening in various geographies.

  • And with emerging opportunities in other geographies, a consolidated approach towards international business will boost our international business income contribution to our total revenue in coming years," said Mr. Vishwas Patel, Executive Director, Infibeam Avenues Ltd.

  • Customer preference for real‐time digital payments has increased worldwide in recent times, and also, there has been a surge of preference for online shopping, turning into a major driving factor for the Australian, USA and Saudi Arabia markets, in the post pandemic era.

  • Infibeam Avenues Ltd sees itself well poised to deliver a technology platform & payment infrastructure that orchestrates seamless digital services and facilitates banks, NBFCs, financial institutions, government, organizations, fintech and merchants to enable their digital play quickly.

  • The company has aggressively panned out in international markets – the USA, the Kingdom of Saudi Arabia (KSA), UAE and recently forayed into the Australian market by setting up its Australian subsidiary to tap the burgeoning Australian digital payment space.

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    Mentioned Phrases & Organizations

    Important keywords detected (20+)

    international (13)
    avenues (13)
    payment (11)
    digital (10)
    business (8)
    international business (7)
    payments (6)
    infrastructure (6)
    market (6)
    avenues ltd (6)
    the (5)
    ccavenue (5)
    australian (5)
    saudi (5)
    arabia (5)
    uae (5)
    bank (5)
    saudi arabia (5)
    infibeam avenues ltd (5)
    information (4)

    Organizations identified (7+)

    Infibeam Avenues Ltd (2)
    INFIBEAM (1)
    Infibeam Avenues Limited (1)
    Encl (1)
    UAE‐based (1)
    Vavian International Ltd (1)
    Riyad Bank (1)

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