CCAvenue.ae unveils QR code payment solutions for UAE market
By Delisha Fernandes
CCAvenue.ae, the UAE-based subsidiary of Indian FinTech company Infibeam Avenues Ltd, has announced the launch of its mobile-based QR Code payment solution in the UAE market for merchants to tap into the offline payments landscape.
To further solidify its hold on offline payment space, the company is set to unveil CCAvenue TapPay (SoftPoS) in the UAE market as part of CCAvenue.ae, to offer offline payment options for merchants. This innovative payment software can be downloaded from the Google Play store, and it can transform any NFC-enabled mobile device into easy-to-use POS machines, allowing simple card payments with just a tap.
“For the first time, we are foraying into the offline payment space in the UAE market with our innovative QR-Code payment offerings for merchants,” said Arun Jeevaraj, Vice President, Business & Operations, UAE & Saudi Arabia, CCAvenue.ae. The company has onboarded multiple merchants in the last few months, including renowned establishments in Dubai like Prime Association Management, a renowned homeowners’ association, and the esteemed Jaffer Bhai’s The Biryani King of Bombay, which operates in Dubai.
For nearly a decade, the company has diligently cultivated its robust presence within the online payment landscape in the UAE market, primarily through its payment gateway brand- CCAvenue.ae. This payment service has attracted a prestigious clientele/merchants from diverse industries, encompassing retail, hospitality, airlines, and the service sector.
Vishwas Patel, Joint Managing Director of Infibeam Avenues Ltd, said, “The company’s foray into the offline payment landscape within the UAE market is a strategically astute move. Introducing QR Code payment facilities for offline transactions will significantly augment the value the payment gateway – CCAvenue.ae is offering to its merchants/clients, as it will bolster the merchant’s standing in the offline payment acceptance space as well.”
In the last six years, CCAvenue.ae has seamlessly processed an impressive aggregate of AED 24.5 Billion in transactions, amassing a substantial tally of approximately 23.5 million transactions. This fiscal year, in August, marked a milestone for the company as it achieved the remarkable feat of processing over AED 1 Billion in transactions within a single month.
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