Subsidiary of Aurionpro, Aurionpro Payments, has officially launched as an online payment aggregator, marking a major milestone in its expansion into the dynamic and fast-growing payments industry. This significant achievement comes after receiving authorisation from the Reserve Bank of India and was unveiled at the prestigious Global Fintech Fest 2024 in Mumbai.
The new platform, AuroPay, is a technology-driven payment receivable solution designed to empower businesses to manage payments seamlessly. It offers a range of features, including payment request links, digital invoices, payment plans and an intuitive dashboard, allowing businesses to efficiently handle transactions and gain valuable insights.
Bal Pangam, CEO, Aurionpro Payments, said, “We are thrilled to introduce these solutions and capabilities on our AuroPay platform. By leveraging technology and innovation, we aim to empower businesses with seamless payment processing and other value-added services, including digital onboarding and convenient bill payment solutions.”
Aurionpro Payments also introduced AuroCheck, a digital onboarding platform that streamlines the onboarding process for acquiring banks, processors and businesses across various sectors. AuroCheck automates manual processes, enables real-time KYC/KYB screening, and conducts robust risk assessments, significantly reducing onboarding time while ensuring regulatory compliance. The platform’s AI-powered automation and scalability make it an essential tool for businesses looking to enhance efficiency.
In addition to these offerings, Aurionpro Payments has integrated utility bill payments via the Bharat Bill Payment System (BBPS) into AuroPay, allowing users to pay for electricity, water, gas and telecom services. Developed by the National Payments Corporation of India (NPCI), this feature broadens AuroPay’s service offerings in the payments landscape.