Aurionpro Payments receives RBI authorization to operate as online payment aggregator

Aurionpro Payment Solutions Private Limited (Aurionpro Payments), a subsidiary of Aurionpro, has achieved a major regulatory milestone by receiving final authorization from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator under the Payment Settlements Act, 2007. This significant development marks a new era for Aurionpro Payments as it prepares to launch its payment brand, AuroPay, officially.

Milestone Achievement in Digital Payments

The approval from RBI enables Aurionpro Payments to fully leverage its AuroPay platform to facilitate and expand the reach of online digital payments in India. AuroPay aims to simplify payment processing for both receivables and payables, ensuring transactions are secure, safe, and compliant with regulations. This development is a testament to the company’s long-standing commitment to advancing digital payments solutions, having been a key player in the sector for over 25 years with a focus on retail and wholesale banking, transit, and smart city technologies.

Aurionpro Payments secures RBI approval to operate as an Online Payment Aggregator, enhancing secure digital transactions across India with AuroPay.

CEO’s Vision for Digital Transformation

Mr. Balkrishna Pangam, CEO of Aurionpro Payments, expressed his gratitude and excitement about the RBI’s authorization. “We are grateful to the RBI for this authorization and we look forward to commencing the business at the earliest. With our innovative solutions and expertise, we are excited to contribute to India’s digital transformation journey,” said Mr. Pangam.

AuroPay: Enhancing Digital Payment Experiences

AuroPay, designed to offer a bouquet of e-payment options, is poised to become a one-stop-shop for diverse services in the global payment ecosystem. Catering to e-commerce businesses as well as SMEs that are rapidly adopting digital technologies, AuroPay seeks to deliver user-friendly, secure, and affordable payment solutions.

The RBI approval not only positions Aurionpro Payments at the forefront of the digital payments landscape in India but also sets the stage for the company to significantly impact the financial technology sector with innovative and efficient payment solutions.