Infibeam Avenutes Ltd enters into agreement with Bank Dhofar

Infibeam Avenutes Ltd has entered into a definitive agreement with Oman's second largest bank, Bank Dhofar, to offer its acquiring processor services to the bank. Under the agreement, Infibeam Avenues, through its digital payment solution, CCAvenue Payment Gateway Service (ePGS), will process online card transactions of various payment networks for Bank Dhofar and help the Bank to authorize online payment for its customers.

The Company further expands in the Middle East by entering Oman to offer payment gateway services to financial institutions.

Shares of Infibeam Avenues Ltd was last trading in BSE at Rs.85.55 as compared to the previous close of Rs. 86.65. The total number of shares traded during the day was 269795 in over 2437 trades.

The stock hit an intraday high of Rs. 94.05 and intraday low of 83.75. The net turnover during the day was Rs. 23901208.

Source : Equity Bulls

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