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ResAvenue Introduce New Popular scheme





2002

July 5, 2002 *Now splurge on your ICICI Infinity Net Banking Account! ResAvenue shows you how!

July 5, 2002. ResAvenue.com, India's first neutral online payment gateway has tied up with ICICI Infinity Net Banking services. With this tie-up, account holders of ICICI Infinity will now be able to use their online accounts to shop at any of ResAvenue's merchants sites.

ICICI Infinity Net Banking tie-up is the latest in ResAvenue.com's network of associates. The company's objective is to open up the arena of online shopping to as many Indian consumers as possible; by giving them a wide choice of payment options.

Mr. Vishwas Patel, CEO of Avenues, the holding company of ResAvenue.com said, "ICICI Bank is today one of the most dynamic banks and easily the biggest in terms of Net banking users on the Indian scene. By tying up with ICICI Infinity, we are proud to be offering our appointed merchants goods and services to the million odd ICICI Infinity Net banking customers. These are customers who are serious about using their shopping time and monies optimally and now have a choice of paying across the widest possible range of quality goods and services of our appointed merchants. It is a win-win situation for ICICI Bank, its customers, ResAvenue and its appointed merchants. In short…everybody gains from this tie-up."

About ICICI Bank
ICICI Bank has over 47 Lakhs customer accounts and has a network of 357 branches, 44 extensions counters, over 1000ATM's and an asset base of over Rs. 1,00,000 crores, as of 31st January, 2002. It has over a million internet banking account which includes over 2,00,000 N.R.I Internet banking account. ICICI bank has after its merger with ICICI Limited has become the second biggest financial entity in the country, second only to the State Bank of India

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.

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