New Payment Options Live!
September 18, 2009

2 new net banks - Deutsche Bank and Bank of Maharashtra and a new mobile payment option - SBI Freedom have gone live on Avenues in the past month.

All of these banks have a substantial customer base. Henceforth, their customers will be able to purchase and pay for products and services on your website through their bank accounts or their SBI Freedom account easily.

Mr. Vishwas Patel, CEO, Avenues, "We are constantly in touch with banks and other financial institutions to add more payment options to our solutions. The key reason behind this continuous endeavor is to offer our merchants the widest range of payment options in order to prevent loss of sales that occur because customers do not have the right type of card or bank account. We are happy to announce that in the past month we have successfully added Deutsche Bank, Bank of Maharashtra and SBI Freedom to our long list of payment options."

Bank of Maharashtra
Established in 1935, Bank of Maharashtra is one of the leading banks of India. Commonly known as the common man's bank, Bank of Maharashtra adopts a philosophy of "Technology with personal touch", and follows its motto stating "One Family, One Bank, Bank of Maharashtra".

The Bank of Maharashtra has incorporated the latest technology to provide best services to its customers. It services it customers through over 1400 branches (April 2009) located all over India. In fact, the bank claims to have the largest number of branches within the state of Maharashtra, among all the Public Sector banks.

Deutsche Bank
With a presence in 75 countries and an asset base of Euro 964 billion, Deutsche Bank is one of the leading banks in the world. For the last 135 years, Deutsche Bank has offered financial solutions to demanding customers in the world's most dynamic markets.

Deutsche Bank entered the Indian market over 25 years ago and since then has made a mark in global markets, investment banking, global equities, asset management, corporate and transaction banking and private wealth management. Today, Deutsche Bank is highly respected all over the world by individuals and corporates alike for its strong advisory approach and innovative banking services.

SBI Freedom
SBI Mobile or SBI FreedoM is a convenience, simple, secure, anytime and anywhere banking service offered by State Bank of India (SBI), oldest and largest commercial bank in the Indian. It has a customer base of over 100 million and an international presence in 30+ countries.

SBI Mobile enables customers to pay bills, send money and shop online 24 x 7 via their mobile phones safely and securely. This service is presently available on java enabled mobile phones over SMS/ GPRS/ WAP as also non java phones with GPRS connection.

About Avenues
Incorporated in the year 2001, Avenues is a zero-debt company that 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.

Real Time Payment Processing
Single Window Interface Management
Extensive Distribution Network
Zero Setup Cost
Seamless GDS and IDS connectivity