Aurionpro Gets RBI Nod for AuroPay Online Payment Aggregation

Aurionpro Payment Solutions has received authorization from the Reserve Bank of India to operate as an online payment aggregator through its AuroPay brand. This approval enables the company to provide digital payment services across the country. The firm's shares rose by 4.94% following the announcement.

Mumbai-based Aurionpro Payment Solutions has secured approval from the Reserve Bank of India (RBI) to function as an online payment aggregator through its AuroPay brand. The RBI's authorization under the Payments Settlements Act, 2007, empowers the company to offer digital payment services to merchants nationwide. This key milestone underscores Aurionpro's influence in banking, mobility, payments, and government sectors.

In response to this significant achievement, shares of Aurionpro Solutions surged by 4.94% on the Bombay Stock Exchange (BSE), closing at Rs 2,669.40 per share on Thursday. This upward movement reflects investor confidence and positions Aurionpro for expansive growth in the digital payments space.

''Aurionpro Payment Solutions Private Limited, a subsidiary of Aurionpro, is now set to enhance its service offerings across India,'' stated the company in an official announcement. By leveraging this authorization, Aurionpro aims to fortify its footprint in the competitive digital finance ecosystem.

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