CCAvenue Expands Digital Payment Network With TJSB Bank

CCAvenue, the flagship payment gateway of Infibeam Avenues Ltd., announces successful integration with Thane-based TJSB Sahakari Bank Ltd, India’s fourth-largest urban co-operative bank. The collaboration enables millions of TJSB account holders to transact online with merchants powered by CCAvenue, while expanding digital payment options for businesses. This initiative reinforces CCAvenue’s commitment to secure, fast, and convenient payment solutions.

The partnership marks a significant milestone in CCAvenue’s broader strategy to widen access to streamlined payment offerings. The integration will empower CCAvenue’s millions of existing merchants with access to TJSB’s extensive customer network, unlocking new revenue opportunities. Additionally, a large cohort of TJSB customers will gain the ability to make direct debit payments to e-commerce businesses utilizing CCAvenue, simplifying their digital payment experience.

Commenting on the partnership, Mr. T. Nandakumar Menon, Sr. Vice President - Alliances and Operations, Infibeam Avenues Ltd. said “CCAvenue is firmly rooted to the digital payment landscape and has persisted in its endeavours to simplify the payment journey for its business partners. Our current alliance with TJSB gives us a new opportunity to enhance the shopping experience of thousands of the bank’s customers and to drive a wider adoption of digital transactions. We are honored and grateful for TJSB’s trust in our services”.

TJSB offers a comprehensive range of financial services, including savings and current accounts, loans and third-party products like insurance and mutual funds. The bank is also recognized for its innovative digital banking solutions, such as mobile banking, internet banking, and a user-friendly mobile application. 

With the addition of TJSB to its extensive network, CCAvenue now partners with over 60 leading banks integrated with its direct debit engine, establishing itself as one of South Asia’s largest payment gateways offering such services. Since pioneering the introduction of Net Banking facility in India back in 2001, CCAvenue continues to lead innovation in digital payments.