“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,” the company said.

Balkrishna Pangam, CEO – Aurionpro Payments, stated that the company is grateful to the RBI for this authorization and it looks forward to commencing the business at the earliest.

"With our innovative solutions and expertise, we are excited to contribute to India’s digital transformation journey,” the CEO added.

Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments and government sectors.

The company’s consolidated net profit jumped 48% to Rs 39.46 crore in Q4 FY24 as compared with Rs 26.60 crore posted in Q4 FY23. Revenue from operations increased 29% to Rs 246.87 crore as compared with Rs 190.65 crore posted in Q4 FY23.