Aurionpro Solutions’ AuroPay gets RBI’s in-principle approval for payment aggregation


Aurionpro Solutions said that its subsidiary Aurionpro Payment Solutions (AuroPay) has secured in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator.

The in-principle approval has been granted under the Payment and Settlement Act, 2007 and following receipt of the RBI’s final Certificate of Authorization, AuroPay can begin its payment aggregator business.

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With the key milestone achieved, AuroPay continues to be on track to introduce its payment services in the Indian market, said Aurionpro Solutions.

Balkrishna Pangam – Aurionpro Payments CEO said: “We are extremely delighted to receive the in-principle approval from RBI to operate as a payment aggregator.

“This is a substantial stride forward in our mission to facilitate seamless online digital payments in the country, especially in the area of B2B payments. This approval reinforces our commitment to becoming a trusted partner to businesses as we present AuroPay as an innovative technology payment platform.”

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Aurionpro Solutions, which is a Mumbai-based technology products and solutions provider, launched the AuroPay payment platform in September 2021 to expand its footprint in the payment business.

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