Aurionpro Payments, a subsidiary of the renowned Aurionpro Solutions, made a powerful entrance into the rapidly evolving fintech landscape by officially going live as an online payment aggregator. Announced during the prestigious Global Fintech Fest 2024 in Mumbai, this milestone reflects Aurionpro’s ambitions to disrupt the payments industry with cutting-edge digital solutions.
Following its recent authorization from the Reserve Bank of India (RBI), Aurionpro Payments introduced its flagship platform, AuroPay, along with a host of next-generation payment and onboarding services. These include AuroCheck, a robust digital onboarding solution, and the integration of Bharat Bill Payment System (BBPS) to facilitate seamless utility bill payments.
AuroPay: Transforming Payment Processing
AuroPay is positioned as a game-changer for businesses, offering a tech-driven platform that simplifies the receivable payments landscape. With features like payment request links, digital invoices, customizable payment plans, and an intuitive dashboard, AuroPay empowers businesses—especially SMEs and e-commerce platforms—to manage payments with unprecedented ease. This not only streamlines transactions but also provides valuable insights into payment behaviors, helping companies optimize their financial operations.
AuroCheck: Revolutionizing Onboarding
In addition to payment processing, Aurionpro Payments introduced AuroCheck, a digital onboarding platform designed to meet the growing demands of acquiring banks, payment processors, and businesses across various sectors. Through automated processes, real-time KYC (Know Your Customer) and KYB (Know Your Business) screenings, and advanced risk assessments, AuroCheck significantly shortens onboarding times while ensuring strict regulatory compliance. The platform’s AI-driven automation capabilities and dynamic forms are scalable, enabling it to handle the complexities of expanding businesses with ease.
BBPS Integration: Expanding Utility Payment Solutions
With the launch of utility bill payments via Bharat Bill Payment System (BBPS), AuroPay further cements its presence in the fintech space. Customers can now pay their electricity, water, gas, and telecom bills through the platform, enhancing the user experience and adding to the platform’s comprehensive suite of services. Developed by the National Payments Corporation of India (NPCI), BBPS integration is a key value proposition for businesses and consumers looking for a secure, convenient, and unified payment experience.
A Future-Oriented Vision
Speaking on the occasion, Bal Pangam, CEO of Aurionpro Payments, expressed the company’s vision for transforming the payment processing ecosystem:
“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 aims to be a “one-stop shop” for businesses of all sizes, from SMEs to large-scale enterprises, by offering affordable, secure, and user-friendly payment solutions. With the adoption of digital technologies skyrocketing in India, particularly in the wake of initiatives like Digital India, Aurionpro Payments is poised to seize this opportunity and become a major player in the global payments ecosystem.
The recent launches at Global Fintech Fest 2024 reflect Aurionpro’s commitment to advancing the payments industry by providing technology-driven solutions. With AuroPay and AuroCheck, the company aims to simplify and streamline payment processes and onboarding, delivering immense value to both businesses and end-users.
As Aurionpro Payments continues to evolve and innovate, it will play a crucial role in the digital transformation of India’s payments infrastructure. By addressing the diverse needs of businesses—from payment processing to compliance—Aurionpro Payments is set to drive the future of fintech, positioning itself as a leader in the payments space.
Aurionpro Payments