Infibeam Avenues Pvt Ltd, the parent of the payment gateway CCAvenue, revealed on the last Friday that it has now entered into an agreement with the Alrowad Information technology Solutions which is a UAE base to expand its web services and payment platform business in Africa and the Middle East.
Under this agreement, both the companies will now be going to share the experience and knowledge to develop a multi-currency and multi-country e-commerce marketplace, Infibeam revealed. They will also collaborate on a payment platform and data center services for the public and private sector in the entire region.
The pact will also be going to help the Infibeam to grow its business in the UAE and Middle East countries.
“The alliance will create a unique business synergy to share business knowledge, market experience, and technical know-how to implement large scale projects,” it added.
Alrowad has also implemented a multi-million-dollar project in Dubai. This even includes the digital solutions for the UAE Civil Defense which includes the monitoring and permits.
Founded in the year 2010 by former Amazon Executives Vishal Mehta, Infibeam started off primarily as an e-commerce firm but even pivoted its business model as a subsequent part. In the month of March 2016, it also becomes one of the youngest films to list on the bourses after even floating its IPO.
In the month of January, Infibeam agreed to sell its wholly-owned subsidiary Infinium Ltd to Ingenius E-commerce Pvt Ltd which also operates a business to business industrial goods aggregation platform TradoHub.