Aurionpro Payments bags RBI’s final nod for Online Payment Aggregator License

By Gloria Mathias

Aurionpro Payments, a subsidiary of Aurionpro, has received final authorization from the Reserve Bank of India to operate as an Online Payment Aggregator under the Payments Settlements Act, 2007, through its payments brand AuroPay.

Receiving RBI’s final approval to operate as a full-fledged Online Payment Aggregate is a significant milestone in achieving the company’s long-term goals as a payment service provider.

From the outset, the company’s objective has been to facilitate and expand the reach of Online Digital payments in India through our AuroPay platform, which helps simplify payment processing both in terms of receivables and payables, including settlement in a secure, safe and compliant environment.

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

Aurionpro Payment Solutions is founded by Aurionpro Solutions, a leading payment Solutions Provider. The platform “AuroPay” seeks to offer a bouquet of safe, secure, user-friendly and affordable ePayment options. It aims to become a one-stop shop, offering a wide range of services in the payment ecosystem globally, catering to eCommerce businesses as well as SMEs that are rapidly adopting digital technologies.

Recently, Integro Technologies, a subsidiary of Aurionpro Solutions, announced its partnership with Yoma Bank in Myanmar to streamline its SME lending operations. Integro Technologies is a high-end provider of Lending Platforms that will deploy its SmartLender Commercial Loan Origination solution for the bank.