AurionPro Solutions, a technology company, has expanded its footprint in the payment business by launching its own payment platform. For this purpose, it has set up, Aurionpro Payment Solutions (Aurionpro Payments) as its global headquarters in Singapore and a subsidiary company in India.

Aurionpro Payments has unveiled 'AuroPay', an innovative payment platform which will offer online payment services in a secured way. This platform shall offer gateway services to merchant organizations and shall become a one stop shop covering wide range of services in the payment ecosystem. The platform will primarily focus on B2C and B2B opportunities.

Aurionpro also announces appointment of Balkrishna (Bal) Pangam, as the CEO of this new venture and will be based in Singapore. Bal is an industry veteran of more than 25 years, having worked with global payment organisations like American Express and Visa, in various leadership roles including managing merchant partnerships, transaction processing, CyberSource e-Commerce business and Regional, Global Acquiring payment processors for the Asia-Pacific region.

Paresh Zaveri, CMD - Aurionpro, said, "We have been working on transforming Aurionpro into a strong, fast growing and nimble organization for sustainable growth ahead. We are very proud to announce the launch of "AuroPay". This platform will be the cornerstone of our future planned offerings around B2C, B2B and Transit solutions. Launching of "AuroPay", & embedding this capability in our various product suites will provide great value addition to our stakeholders. We will closely work with the regulators and comply with licensing conditions wherever required."

 Shares of the company gained Rs 1.40, or 0.73%, to settle  at  Rs 192.60.  The total volume of shares traded  was 1,072 at  the BSE (Friday).