Infibeam Avenues informed the exchanges today that it has entered into a payment processing partnership with Saudi Arabia’s Saudi Awwal BankThe company also said that it has secured a eMSP Payment technical service provider approval from SAMA (Saudi Payments), in its exchange filing.Infibeam Avenues said its international subsidiary Infibeam Avenues Saudi Arabia has received a PTSP Certification from the SAMA (Saudi Payments) to operate as a Payment Processor (PTSP - Payment Technical Service Provider) in the Kingdom of Saudi Arabia (KSA), in its exchange filing.Post-certification, the company’s flagship payment brand, CCAvenue, will establish itself as a payment gateway (PTSP) player for digital transactions in the Saudi Arabian market.The company’s CCAvenue payment gateway solution has already done data localisation and hosting within the Kingdom of Saudi Arabia (KSA) as well as secured PTSP processing approval from the authorities.Sensex Today Live : Barring a few, most of the sectoral indices were in the green. Among the losers were Metal (down 0.66%), Pharma (down 0.54%), Health (down 0.57%), and Oil & Gas (down 0.52%).Sensex Today Live : The broader market had finally shaken off two days on its losing streak, with the indices opening in the green.
The BSE MidCap index was up 0.20%, while the BSE SmallCap index was up 0.23%. Sensex Today Live : ITC, Nestle India, LTI Mindtree, Wipro, and SBI Life, were the top gainers on the Nifty 50, while Power Grid Corp., NTPC, Bharti Airtel, ONGC, and Coal India, were the top losers.
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