July 10, 2002 *The
hottest new Value-add from IDBI: Tie up with ResAvenue!
July 10, 2002 IDBI Net Banking division
of IDBI has tied up with ResAvenue.com,
India's first neutral online payment gateway. This
latest association will enable the account holders
of IDBI Net Banking to shop on any of the hundreds
of ResAvenue appointed merchants sites and pay online in realtime
through their IDBI i-net banking accounts.
When shopping through ResAvenue,
customers can now pay for their purchase in the Indian
currency when buying from an Indian seller. This saves
the Indian buyer valuable forex; and lets him to purchase
in the currency he is most comfortable in; namely,
Indian Rupees.
By tying up with ResAvenue,
IDBI Net Banking has now made it so much easier for
its customers to discover the true power and convenience
of online shopping. IDBI Net Banking tie-up is the
latest in ResAvenue.com's
network of associates. The company's objective is
to facilitate a medium that will help the Indian businesses
and customers experience the full potential of online
transactions. To this end, ResAvenue is focused on providing quality service and wide range
of payment options to online shoppers.
"IDBI Net Banking had been on
our list of payment gateways from Day One," shared
Mr. Vishwas Patel, CEO of Avenues. "The last
decade has seen IDBI change its image from being exclusively
a corporate bank to a retail customers' bank. This
twin customer base is what we at
ResAvenue are looking to service through this tie-up!"
About IDBI
IDBI, the tenth largest development bank in the
world has promoted idbi bank to mark the formal foray
of the IDBI Group into commercial Banking. This initiative
has blossomed into a major success story of a network
that today spans 61 cities, 82 branches & 244
ATMs.The bank currently has over half a million customer
accounts and is now-poised to touch a million during
next 12-18 months. Idbi Bank is India's youngest and
one of the fastest growing new private sector banks.The
Bank is surging ahead from strength to strength and
is fast transforming into a technology led, service
driven, financial services marketing company, managed
with intellectual
integrity..
About ResAvenue
Established in the year 2001and headquartered
in Mumbai, India, ResAvenue provides turnkey e-commerce solutions to hundreds
of e-merchants across India. ResAvenue is the preferred Indian payment-processing service
for e-commerce, providing server-based payment solutions,
enabling merchants to process secure transactions
in real time, 24 hours a day. The company's service
is powered by proprietary technology that integrates
online payment processing, fraud control, financial
reporting and tracking. ResAvenue's
Payment Solutions process credit cards and net banking
transactions and work with any business model, including
Internet call centers and retail. ResAvenue has also formed strategic alliances with leading financial
institutions and technology partners to deliver the
most comprehensive online authorisation and processing
services available to Indian eMerchants. ResAvenue's
secure, complete and leading-edge payment services
maximize growth at every stage of a merchant's business
lifecycle.
For more information about ResAvenue,
visit the company on the world wide web at
www.ResAvenue.com
or call (022)-26000816/46 and 26491524.
