AvenuesAI: Charting a New Era with AI-Native Fintech Infrastructure

AvenuesAI Limited, previously known as Infibeam Avenues Limited, has unveiled its Q3 FY26 financial results, signaling a pivotal transformation into an AI-driven digital payments and fintech platform. The company reported robust growth across key financial metrics, underscoring its strategic shift and operational efficiency. This quarter's performance reflects a deliberate move towards an AI-native infrastructure, aiming to redefine the landscape of digital commerce and payments.

The company's consolidated gross revenue for Q3 FY26 surged to INR 2,381.2 Crore, marking an impressive 122% year-on-year increase. This growth was primarily fueled by higher payment volumes and a stronger contribution from enterprise merchants, alongside continuous expansion in both domestic and international markets. Despite a competitive pricing environment, AvenuesAI maintained its focus on absolute profitability, with net revenue standing at INR 148.5 Crore, a 6% increase year-on-year. The adjusted EBITDA for the quarter reached INR 98.1 Crore, growing 25% year-on-year, while Profit After Tax (PAT) climbed 59% to INR 86.1 Crore. These figures translate into healthy margins, with EBITDA at 66% and PAT at 58% of net revenue, demonstrating the resilience of its business model.

Strategic Evolution: The AI-Native Flywheel

The rebranding to AvenuesAI Limited is more than a cosmetic change; it represents a structural evolution towards an AI-native transaction infrastructure platform. This platform is designed to be full-stack regulated, data-rich, and compounding, with AI embedded across critical functions such as routing, fraud detection, risk management, reconciliation, orchestration, customer engagement, and decision automation. This integrated architecture, encompassing Rediff, RediffOne, CCAvenue, and Phronetic AI, forms a self-reinforcing flywheel where every transaction makes the system smarter, improving automation and strengthening retention.

On the consumer front, Rediff is evolving into a significant gateway, leveraging its large registered user base, UPI entry, and AI-native content layer. For businesses, RediffOne acts as a convergence layer, an AI-native back office for SMEs, enterprises, and institutions, integrating communication, workflows, compliances, and operational intelligence. CCAvenue, the economic engine, is transitioning from a mere payment gateway to an AI-optimized financial execution layer, combining compliance, scale, orchestration, and intelligence. Phronetic AI serves as the invisible orchestrator, converting data into actionable insights to approve/reject transactions, route/retry, nudge/notify, and predict/prevent issues.

Key Initiatives and Regulatory Milestones

AvenuesAI has been proactive in securing strategic regulatory approvals and launching new initiatives. The company received an in-principle RBI license for issuing Prepaid Payment Instruments (PPIs), enabling the launch of wallets and stored-value products. It also secured IFSCA approval to operate as a Payment Service Provider at GIFT City for cross-border payments and escrow services, positioning it as a key fintech participant in India's international financial hub. Furthermore, RBI authorization for an Offline Payment Aggregator license expands CCAvenue's omnichannel presence, allowing POS-based payment solutions.

Another significant development is the launch of PayCentral.ai, India's first agentic payment platform built on Google's AP2 (Agent Payment Protocol), enabling secure, automated, and auditable agent-to-agent (A2A) transactions. CCAvenue CommerceAI, powered by the proprietary Model Context Protocol (MCP), allows AI agents to autonomously initiate and orchestrate payments. RediffPay also secured NPCI's TPAP license and initiated Closed User Group (CUG) testing for its UPI launch, aiming to be India's first financial-wellness-focused UPI app.

Global Expansion and Future Outlook

AvenuesAI is aggressively pursuing international expansion, targeting a 12-15% international contribution to Payment's Net Revenue by FY28. The company's international payment business is gaining traction in the UAE and Saudi Arabia, with Saudi expected to be fully operational in FY26. Plans are underway for operations in Australia and the USA by FY27, and South East Asia within the next 3-5 years. All international businesses will be managed from the UAE subsidiary.

Management has revised its FY26 guidance upwards, reflecting an improved business outlook and stronger operating momentum. Gross Revenue is now projected to be INR 7,500 - 8,000 Crore, Net Revenue INR 600 - 630 Crore, EBITDA INR 350 - 375 Crore, and PAT INR 250 - 275 Crore. This upward revision underscores the company's confidence in its strategic direction and ability to deliver profitable growth while continuing to invest prudently in long-term growth engines. The focus on AI-driven efficiency and a compounding ecosystem is expected to drive margin expansion and create existential switching costs for merchants, solidifying AvenuesAI's market position.