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As per the definitive agreement, JPMC will use Infibeam Avenues' flagship enterprise payment platform, CCAvenue, for processing transactions of its enterprise clients.
CCAvenue is a PCI DSS 3.2.1 compliant payment gateway platform offering merchants with over 240 payment options including net-banking, all type of credit & debit cards, digital wallets including, UPI payments connecting to over 55+ Indian banks in real-time.
Infibeam Avenues is a leading digital payments and e-commerce technology platforms company in India and provides a comprehensive suite of web services spanning digital payment solutions, data centre infrastructure and software platforms.
On a consolidated basis, the company's net profit slumped 57.6% to Rs 11.90 on a 44.7% fall in net sales to Rs 102.66 crore in Q1 FY21 over Q1 FY20.
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