Infibeam Avenues , a leading fintech company, has achieved a significant milestone in its expansion strategy by securing authorization from the Reserve Bank of India (RBI) to operate as a payment aggregator for offline payments through Point of Sale (POS) devices. This marks the company's fourth RBI license under its CCAvenue brand, further solidifying its position in India's rapidly evolving digital payments landscape.

Expanding Offline Payment Capabilities

The RBI approval enables Infibeam Avenues to offer unified digital and offline payment solutions to merchants, significantly broadening its service portfolio. This development allows the company to tap into India's growing POS device market, which is projected to reach ₹135.32 billion by 2034.

Strategic Implications

This new authorization complements Infibeam Avenues' existing licenses and capabilities:

1. Comprehensive Payment Solutions: With the addition of offline payment aggregator services, Infibeam Avenues can now provide a more holistic payment ecosystem to its merchant partners.

2. Market Expansion: The company is well-positioned to capture a larger share of the burgeoning POS device market in India.

3. Enhanced Merchant Offerings: Merchants can now benefit from a single provider for both online and offline payment processing, potentially streamlining their operations and reducing costs.

Industry Context

The approval comes at a time when India's digital payment infrastructure is rapidly evolving. The POS device market, in particular, is experiencing significant growth, driven by increasing digital adoption among small and medium-sized businesses across the country.

Company's Financial Performance

While the news release doesn't provide specific financial details, it's worth noting that Infibeam Avenues has been focusing on expanding its payment solutions. In its recent earnings call, the company reported:

• Record revenues and profits, marking its best-ever performance
• A transition into becoming a hybrid B2B and B2C organization
• Approaching an annual revenue run rate of nearly $1 billion

Future Outlook

With this new authorization, Infibeam Avenues is poised to strengthen its market position in the offline payments space. The company's strategy of offering a unified digital and offline payment solution aligns well with the growing demand for integrated payment services among Indian merchants.

As the POS device market continues to expand, Infibeam Avenues is well-positioned to capitalize on this growth, potentially driving increased transaction volumes and revenue in the coming years.

This development underscores Infibeam Avenues' commitment to innovation and expansion in the fintech sector, as it continues to build a comprehensive suite of payment solutions for the Indian market.

Infibeam Avenues Limited , a leading fintech company, has reported its highest-ever quarterly performance for Q2, marking a significant milestone in its growth trajectory. The company's results showcase strong execution, disciplined growth, and sustainable profitability.

Financial Highlights

Infibeam Avenues achieved remarkable financial results in Q2:

The company's EBITDA margin stood at 61% of net revenue, while the PAT margin reached 42%, underscoring profitability even as investments in AI infrastructure and consumer expansion continue.

Strategic Transformation

Infibeam Avenues is transitioning into a hybrid B2B-B2C organization, combining AI-driven fintech infrastructure through CCAvenue with consumer platforms under Rediff. This evolution positions the company at the intersection of payments and artificial intelligence, creating a balanced portfolio across both ecosystems.

Key Developments

Regulatory Approvals

Infibeam Avenues received in-principle authorizations from the Reserve Bank of India to issue prepaid payment instruments (PPIs) under the brand CCAvenue Go. The company also secured IFSCA in-principle approval for its subsidiary to operate as a payment service provider at GIFT-IFSC.

AI Integration

The company launched CCAvenue CommerceAI, integrated with PayCentral.AI, creating what it describes as the world's first agentic payment framework where verified AI agents can initiate and process payments autonomously.

International Expansion

Operations in UAE and Saudi Arabia are scaling rapidly, processing billions of dirhams annually, with Oman set to launch next. The company expects international payments to contribute double-digit net revenue within the next 12-18 months.

Strategic Partnerships

Infibeam Avenues partnered with Sree Narayana Guru Co-operative Bank and integrated its net banking platform with TJSB Sahakari Bank, expanding its reach into the co-operative banking segment and strengthening its merchant acquisition pipeline.

Future Outlook

Vishal Mehta, Chairman and Managing Director of Infibeam Avenues, stated, "We are now approaching an annual revenue run rate of nearly $1 billion, something we had talked about in 2023. Based on this current trajectory, we expect to close at the higher end of our guidance range."

The company's focus remains on absolute EBITDA growth, sustainable cash generation, and long-term shareholder value creation. With its performance and strategic initiatives, Infibeam Avenues aims to capitalize on the growing fintech and AI-driven market opportunities.

As the company continues to innovate and expand its offerings, investors and market watchers will be keen to observe how Infibeam Avenues leverages its AI-first approach and regulatory approvals to drive future growth and maintain its competitive edge in the rapidly evolving fintech landscape.