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Avenues India Pvt. Ltd.

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Canara Bank Now a Part of India’s Largest Direct Debit Engine

Avenues merchants, hoteliers and event organizers can now accept net banking payments from customers of 18 of India’s largest banks.

Mumbai, India, February 14, 2008 --( Avenues’ South-Asia’s largest integrated ecommerce company has announced that Canara Bank is the latest addition to their direct debit engine. With this addition, their merchants will be able to accept payments from customers of 18 Indian banks.

Mr. Vishwas Patel, CEO of Avenues says, "Since the beginning, Avenues has been committed to providing our merchants with the widest range of payment options. Our commitment to this cause has been recognized, as today, we are India’s largest direct debit engine. We plan on consolidating and maintaining this milestone by continuing to add more banks and payment options to our solution.”

Canara Bank is one of the premium banks in India. It has a strong IT niche, which the bank is committed to maintaining. To further this goal the Bank has tied up with Avenues to gain advanced technology and provide their customers with shopping facilities at over 4500 websites.

Through this association, Canara Bank customers can now use their Bank Accounts to pay for the goods and services of over 4500 of Avenues' web merchants retailing millions of different types of products and services; they can make and pay for hotel reservations online; and can make online bookings for events and exhibitions.

A source from the bank, said, “Canara Bank has always offered its customers the best IT related services. We have tied-up with Avenues to ensure that our customers continue to receive the best possible services.”

About Avenues
Incorporated in the year 2001, Avenues is a zero-debt company, which has been profitable from its inception. Avenues is head quartered in Mumbai, India and has subsidiary companies and offices in USA, Singapore and China. Avenues has developed several innovative, cutting-edge ASP hosted solutions that are used by thousands of eMerchants globally. Beginning as a single product company that catered to the local market, Avenues has become a multi-product company that operates on a global scale. The Avenues support and development center is based in Mumbai, India. The total strength of the Avenues team is currently 125 persons spanning across all offices. Avenues has three Business Units namely– Avenues Commercial Services, Avenues Travel Industry Services and Avenues Community Related Services.
For more information, visit: (for general eCommerce Processing), (for Online Hotel Reservations through the Hotel website), (for Online Event Management solution)

About Canara Bank
Canara Bank is one of the premier banks in the country, accredited with umpteen distinctions. The present stature of the Bank is due to its strong fundamentals and quality customer orientations. Profit making since inception, the Bank today epitomizes a perfect blend of commercial and social banking. The Bank has carved a niche in providing IT-based services. With 100% computerization of the branches, the bank provides a wide array of services, such as, Networked ATMs, Anywhere Banking, Tele-banking, Remote Access Terminals Internet & Mobile Banking, Debit Card etc. The Bank was the first among banks to launch networked ATMs and obtain ISO Certification.

Contact Information
Avenues India Pvt. Ltd.
Davina Braganza
+91 - 22- 26000816

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