Infibeam Avenues Limited to foray into Artificial Intelligence (AI) driven credit/lending Space through strategic Banks & NBFC tie-ups. Highlights: Transaction Processed Value up 170%, YoY to INR 50,651 crore Gross Revenue up 120%, YoY to INR 216 crore Profit After Tax up 14% YoY to INR 13 crore. “We started the new fiscal year by delivering a healthy quarter. We believe in the growth of India’s digital economy and we continue to strengthen our technology advantage in improving customer experience and enabling our merchants including enterprise clients to accomplish a successful digital transformation. With current transaction processing value of Rs 50,000 crore per quarter and millions of full KYC merchants on our platform, the AI driven lending opportunity is the future growth and margin driver for IAL”. said Mr. Vishal Mehta, Managing Director, Infibeam Avenues Limited. We stay focused on making rationale investments to power our expansion in the growth and digital transformation opportunity, while sustaining our industry-leading profitability. During the quarter our digital payment processing volume registered strong growth despite lower discretionary spending due to pandemic and lower contribution from aviation, entertainment including hotel and hospitality sector “said Mr Hiren Padhya, Chief Financial Officer.