THE AVENUES GROUP
Avenues India Pvt. Ltd. is South Asia’s largest ecommerce service provider which provides, transaction processing services to thousands of web merchants across the world. More than 85% of India’s web merchants across industry verticals like online shopping, hospitality, travel trade and the event management industry use Avenues’ solutions. It features the widest range of payment options available such as India’s largest direct debit engine connecting to core banking solutions of over 45 Indian banks in real time, top-of-the-line industry specific ecommerce tools and state-of-the-art processing and security technologies. All the SAAS solutions from Avenues are path-breaking in nature and in delivery.
Avenues has an enviable track record in adhering to global standards when it comes to security processes. It was the first company in South Asia to become PCI-DSS Ver. 1.1 Compliant way back in 2007. Last year, Avenues was once again the first company in India to become compliant with the far more rigorous PCI-DSS Ver. 2.0 standard. Avenues’ preeminence in the online space has helped potential ecommerce entrepreneurs to achieve momentum in the online space. Today, thousands of merchants trust CCAvenue as a payment gateway, hundreds of hotels use ResAvenue to sell rooms on their websites, hundreds of events rely on EventAvenue for online registrations and over one lakh travel agents book hotel rooms online for their customers on their white-labeled travel websites. Avenues is a Zero Debt and an Investment free company. All the Avenues solutions are developed in-house and the company owns all the IPRs of their solutions. The Avenues support and development center is based in Mumbai, India. Currently, the total strength of the Avenues team is currently 200 persons spanning across all its offices.
Avenues has entered the international and domestic money transferring business technology via web for Banks ( White label www.Remitonline.info ) and B2C ( www.RemitGuru.com ) for this purpose, Avenues has set up a new company named Avenues Payments India Private limited.
Naushad Contractor, CEO
20+ years of experience primarily in global payments and digital remittances. Previously, CEO of Visa’s mobile payments JV in India, as well as mCommerce/mPesa at Vodafone India. Was one of the founding members of Remit2India.com, the first digital remittance platform in the world. Deep domain knowledge and extensive experience in building digital businesses.Has an MBA from XLRI in India.
Hershel Asmani, Marketing Head
Hershel combines Avenues's historic innovative and customer-driven expertise with strategic and operational rigor. He has a single minded focus to develop volume based financial Web Products and Services for a global audience, he brings to RemitGuru, a deep understanding of the Web Services Industry, a strong financial background, a keen business sense, and most importantly, an unquenchable ambition for growth. Hershel's key role at Remitguru is to orchestrate rapid growth in remittances, and forge strategic partnerships essential to manage the scale.Hershel holds a Masters in Management and Marketing degree from Lancaster University, UK.
Jayanta Gharat, CTO
Previously one of the chief developers of Remit2India.com, Jayanta has architected and managed the development of the RemitGuru platform from scratch, to create a highly scalable multi-functional system. More than 12 years experience in developing and program managing international consumer remittance technology solutions.BS in Computer Science from CCEE Pune in India
Ameen Kropha, AVP - Product Management
7+ experience in cross-border consumer remittances, product management and business expansion, at Remit2India and Remit2Home. He was in charge of product management, development, marketing and channel management for remittance products. He has managed various innovative loyalty programs at Remit2India to increase flow volumes.MBA from SCMHRD, Pune.
Nimish Agarwal, AVP - Customer Service
10+ experience in operations in BFSI and Healthcare sectors, in international companies like Deutsche Bank, and GE Healthcare. He has extensive experience in setting up and growing operations teams, and maintaining world class standards, as well as full legal and regulatory compliance and risk management for the processes.BA in Hospitality Management from Queen Margaret University, Edinburgh.
Rajeev Gupta, AVP - Risk & Compliance
He has more than 8 years of KYC/AML/CDD/CTF experience in Global Investment Banks like Credit Suisse & Citibank. Possess extensive knowledge in compliance procedures, policies & regulatory activities.He is Certified Anti-Money Laundering Specialist (CAMS), Certified Anti-Money Laundering Expert (CAME), Certified Forensic Accounting Professional (CFAP), Certified AML-KYC from Indian Institute of Banking & Finance, Lean Six Sigma Yellow Belt from Credit Suisse. MBA (Finance) from I2IT, Pune.
Paul Thekanath, AVP - Head Operations
With 32 years of extensive experience in retail banking, business development, trade finance, retail / consumer banking, banking operations and related areas across the banking sector. Previously, Paul was with Kotak Mahindra Bank as Team Leader, AML & Compliance and prior to that with ICICI Bank, Bahrain. With a proven ability to grasp new ideas and integrate them into value creation and business developmentPaul heads the Operations Department at Avenue Payments.