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Infibeam Avenues receives 'NPCI Partner Program - Certified Partner' recognition at the Global Fintech Fest for extensive support to the BharatBillPay ecosystem

August 22, 2022

NPCI Partner Program - Certified Partner In a landmark event at the Global Fintech Fest 2022, the National Payments Corporation of India (NPCI) presented the 'NPCI Partner Program - Certified Partner' recognition to Infibeam Avenues Ltd (IAL), India's first listed Fintech and a leading eCommerce technology provider globally. Mr. Pankaj Dedhia, Chief Business Officer, Infibeam Avenues Ltd. accepted the token of appreciation on behalf of the organization at the felicitation ceremony held on 20th September 2022. This honour was conferred upon Infibeam Avenues to celebrate the success of the ongoing partnership between the two organisations for the smooth functioning and enhancement of the Bharat BillPay ecosystem, specially mentioning the support from BillAvenue along with the B2B payments integration.

NPCI has hereby acknowledged BillAvenue's stellar role as a TSP (technology solutions provider)for setting up a best-in-class BOU(Biller Operating Unit) platform for frictionless onboarding billers of banks in the BBPS ecosystem through a hosted solution.

The NPCI's Partner Program felicitation event was part of the Global Fintech Fest 2022, jointly organized by the National Payments Corporation of India, the Payments Council of India (PCI) and the Fintech Convergence Council (FCC). Stalwarts from across the globe addressed the mammoth audience at the GFF 2022, which acted as a vibrant platform for engagement with public and private sector stakeholders, as well as for collaboration to augment learning and to take action towards enhancing sustainable finance globally.

"We're thrilled to receive the NPCI Partner Program - Certified Partner recognition at the Global Fintech Fest", said Mr. Pankaj Dedhia, Chief Business Officer, Infibeam Avenues Ltd. "By appreciating and rewarding our efforts at such a grand forum in front of such a large and respectable audience, NPCI has shown how much they truly value our partnership. Infibeam Avenues will continue to provide steadfast support to NPCI through our BillAvenue and B2B payment solutions. Both NPCI and Infibeam Avenues have been driving payment innovations in the country for the past few decades, and our synergistic collaboration has gone a long way in fulfilling the vision of a digitally efficient India."

Since its inception in 2008, NPCI has been at the forefront of the Fintech revolution in India by offering a range of topnotch products such as RuPay cards, Bharat BillPay, IMPS, UPI, and BHIM, the UPI-based mobile payment app among others. Every day millions of Indians choose these products of NPCI to make easy payments across platforms seamlessly and securely. This has been mostly possible due to the efforts of all the partners on board who play critical roles in expanding financial inclusion across the country. From providing the technology for transactions to fulfilling the final payments experience, there is a payment entity every step of the way. NPCI has introduced the partnership program, a platform that showcases and acknowledges the efforts of partners who have been ceaselessly striving for the collective success in driving the Digital India mission.

For several years Infibeam Avenues has served as a key technology solutions provider in the ecosystem, contributing immensely to the success of Bharat BillPay and B2B solutions. BillAvenue is an operating unit of Bharat BillPay, a unified, interoperable online bill payments platform developed by National Payments Corporation of India (NPCI). It offers an 'anytime, anywhere' bill payments facility to customers across India through a vast network of 600,000+ agents spread across more than 2600 cities and towns in India. In 2017, BillAvenue received authorization from RBI to function as a Bharat Bill Payment Operating Unit (BBPOU) and operate as a Biller Operating Unit (BOU) as well as a Customer Operating Unit (COU).

BillAvenue connects to 8.4 Lakhs agents and retailers across India and has on-boarded 90% of the billers live on BBPS, processing over 8.5 crore bills annually with a total bill value upward of Rs 10,000 Crore.

About NPCI
National Payments Corporation of India (NPCI) National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organization for operating retail payments and settlement systems in India. NPCI has created a robust payment and settlement infrastructure in the country. It has changed the way payments are made in India through a bouquet of retail payment products such as RuPay card, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), BHIM Aadhaar, National Electronic Toll Collection (NETC FasTag) and Bharat BillPay. NPCI is focused on bringing innovations in the retail payment systems through the use of technology and is relentlessly working to transform India into a digital economy. It is facilitating secure payments solutions with nationwide accessibility at minimal cost in furtherance of India's aspiration to be a fully digital society. For more information, visit:

About Infibeam Avenues
Infibeam Avenues Limited Infibeam Avenues Limited is one of the leading global financial technology (fintech) companies, offering comprehensive digital payment solutions and enterprise software platforms to businesses and governments across industry verticals. The company's payment solution includes acquiring and issuing solutions and offering infrastructure for banks. The core Payment Gateway (PG) business provides over 200 plus payment options to the merchants allowing them to accept payments through website and mobile devices in 27 international currencies. Infibeam Avenues' enterprise software platform hosts India's largest online marketplace for government procurement. The company processed transaction worth INR 2.8 trillion (US$ 37 billion) in FY22 for its 5 million plus clients across digital payments and enterprise software platforms. The company's vast clientele includes merchants, enterprises, corporations, governments and financial institutions in both domestic (India) as well as international markets. Infibeam Avenues' international operations are based in the United Arab Emirates, Kingdom of Saudi Arabia, Australia and the United States of America. It also has business presence in Oman.