India's Infibeam Avenues surges after launching CBDC payment gateway

Avenuesai

30/01/2023 08:17

** Shares of Infibeam Avenues Ltd  IFIB.NS  rise as much as
4.4% to 16.5 rupees, their biggest intraday pct gain since Jan.
20
    ** Co says its payment brand CCAvenue became India's first
payment gateway to process Central Bank Digital Currency (CBDC)
transactions
    ** "We are ready to share our technology with more banking
partners to roll-out CBDC aggressively" - Vishal Mehta, managing
director of IFIB
    ** Last month, IFIB had received payment aggregator and
Bharat Bill payment operating unit licenses from the Reserve
Bank of India 
    ** Stock on track to snap four straight sessions of losses
    ** Around 12.3 mln shares change hands by 1:15 p.m. IST vs
30-day avg of ~14.7 mln shares
    ** Stock was down 17.4% last year
 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))