Infibeam Avenues acquires corporate credit card issuance firm Cardpay Technologies

Fintech solutions provider Infibeam Avenues Ltd acquired Bengaluru-based Cardpay Technologies Ltd.

Cardpay offers a unified spend management platform to corporates under 'GRIT' brand name with physical and virtual credit cards, invoice processing and early payment discounting.

The deal has taken place at an initial cash consideration of Rs 45 lakh.

Post aquitisition, it claims Infibeam is the only Indian player with a complete suite of payments acquiring and payments Issuing products, present on both side of digital payment transaction

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