News update
- as ifStart Story | October 28, 2022
Infibeam StreetsThe fintech company has received RBI approval to operate as a Payment Aggregator as per BSE listing. “Under this offer, the fintech major will get significant leverage to further expand its reach across multiple business segments, including online and recently launched offline digital transactions,” the firm said in its filing.
Founded in 2007 by Vishal Mehta and Vishwas Patel, Infibeam provides e-commerce and payment solutions to merchants, enterprises, corporations and governments in domestic and international markets. The payment infrastructure solution offered by the company includes access to and delivery of solutions as well as infrastructure for banks. Prime Payment Gateway (PG) offers merchants over 200 payment options, allowing them to accept payments in 27 international currencies through their website and mobile device.
CCAvenue, Infibeam’s online credit card processing business, has contributed to the development of several early innovative payment products. Before getting the toll collector’s licence, the company had obtained RBI’s approval to operate as an operating unit under the Bharat Bill Payments licence. The CCAvenue mobile application was recently launched by the company. CCAvenue TapPay is a pin-on-glass SoftPoS solution for merchants and Kiranas across the country. Since it is an app, the merchant can download it for free on any Android phone and use it as a payment terminal instead of a point of sale machine.
“Being a leader in digital payments and leading this fintech revolution with new payment solutions for the last two decades, we are excited to see new possibilities with this payment aggregator license,” he said. Founder Patel.
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