Aurionpro Payments receives in-principle approval from RBI to operate as Payment Aggregator

Aurionpro's subsidiary Aurionpro Payment Solutions Pvt Ltd. (AuroPay) has received an in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator under the Payment and Settlement Act, 2007. AuroPay can commence Payment Aggregator business upon receiving the final Certificate of Authorization from RBI. With the achievement of this significant milestone, AuroPay remains on track to launch comprehensive payment services in the market.

Reflecting on this milestone, Mr. Balkrishna Pangam, CEO - Aurionpro Payments, stated: "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."

Shares of Aurionpro Solutions Limited was last trading in BSE at Rs. 454.00 as compared to the previous close of Rs. 430.75. The total number of shares traded during the day was 51409 in over 2617 trades.

The stock hit an intraday high of Rs. 467.65 and intraday low of 425.05. The net turnover during the day was Rs. 22938996.00.

Source : Equity Bulls

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AurionproSolutions INE132H01018 AurionproPaymentSolutions RBIApproval PaymentAggregator