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Aurionpro Payments Receives RBI’s Final Authorisation for Online Payment Aggregator

21 June 20243 mins read by Angel One
Aurionpro Payments, backed by Aurionpro Solutions Ltd, secures RBI authorisation as an Online Payment Aggregate for AuroPay, enhancing digital payment accessibility in India.
Aurionpro Payments Receives RBI’s Final Authorisation for Online Payment Aggregator
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On June 13, 2024, Aurionpro Payment Solutions Private Limited, a subsidiary of Aurionpro, received official approval from the Reserve Bank of India to operate as an Online Payment Aggregator under the Payments Settlements Act, 2007, through its AuroPay brand.

This achievement marks a significant milestone for Aurionpro, which has been known for over 25 years for its technology solutions in retail and wholesale banking, transit, and smart cities. The approval underscores their commitment to enhancing digital payment accessibility in India via the AuroPay platform, ensuring secure, compliant, and simplified payment processing for both senders and receivers.

Mr Balkrishna Pangam, CEO of Aurionpro Payments, said, “We are grateful to the RBI for this authorisation and look forward to commencing the business as soon as possible. We are excited to contribute to India’s digital transformation journey with our innovative solutions and expertise.”

Aurionpro Solutions Limited’s subsidiary company, Aurionpro Transit, recently announced a strategic partnership with Fime to explore global opportunities in transit ticketing, payments, and fare collection projects. Fime is renowned for its consulting and testing services in payment systems.

Aurionpro Transit is a global leader in transit ticketing solutions, providing a range of products and services for public transport operators and authorities. Fime specialises in consulting and testing services for payment systems.

About Aurionpro Payments / AuroPay

Aurionpro Payment Solutions Pvt Ltd, a subsidiary of Aurionpro Solutions Ltd, specialises in payment solutions. Through its platform, “AuroPay,” Aurionpro Payments aims to provide a diverse array of safe, secure, user-friendly, and cost-effective e-payment options. It strives to be a comprehensive service provider in the global payment ecosystem, catering to e-commerce enterprises and SMEs embracing digital advancements.

About Aurionpro Solutions Limited

Aurionpro Solutions Limited is a leading technology solutions company that serves the Banking, Mobility, Payments, and Government sectors. Based in Mumbai, India, Aurionpro integrates diverse technology solutions into a unified platform for Advanced and Accelerated Platform-led Transformation. With a team of over 2,300 dedicated professionals worldwide, Aurionpro is committed to guiding businesses through digital transformation, enabling them to embrace new paradigms effectively.

On June 13, 2024, the share price of Aurionpro Solutions Limited opened at ₹2,665.00, touching the day’s high at ₹2,675.95, as of 02:23 PM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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