Mumbai, Sept.1, 2001.CCAvenue.com all set to trigger off an e-commerce boom in India.

Avenues launches ResAvenue.com, India's only complete online realtime payment gateway. With backend processing of Mastercard and Visa credit cards through ICICI Payseal and HDFC Bank's payment gateways, ResAvenue is targeting Indian net merchants who can now overcome the prohibitive costs of set up and integration hitherto charged by financial institutions in India. Now Indian customers can pay in Rupees when shopping from Indian Sellers.

In addition to providing real time credit card and net banking payment options, ResAvenue also provides to its merchants, a ready made Shopping Cart, an auction payment collection facility and a comprehensive accounting module.

ResAvenue offers Indian eMerchants a gateway to transact online business the way they always wanted to:Simple, Fast, Secure, Affordable and Complete. With multiple back up redundancy of two of India's top two payment gateways available to ResAvenue, Indian eMerchants utilizing ResAvenue's services can now be open for business to ANYONE, ANYWHERE, ANYTIME regardless of geographical boundaries, contingencies and astronomical operational retailing costs. ResAvenue's payment processing services offer Indian merchants an outstanding global platform to cost effectively enter the digital economy.gateways.

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.