Aurionpro Solutions Ltd.'s payments arm received Reserve Bank of India's approval to operate as an online payment aggregator through its brand, AuroPay. The move now enables Aurionpro Payment Solutions Pvt. to operate as an online payment aggregator to provide digital payments services to merchants across the country.
The Mumbai-based technology solutions company caters to the needs of banking, mobility, payments and government sectors. Aurionpro Payments, an arm of Aurionpro Solutions, operates AuroPay to offer a bouquet of e-payment options.
"Receiving the final approval from RBI to operate as a full-fledged Online Payment Aggregator is a significant milestone in achieving our long-term goals as a payment service provider," a statement on Thursday said.
Shares of Aurionpro Solutions settled 4.94% higher at Rs 2,669.40 apiece on Thursday, after the announcement.
(With inputs from PTI)
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