Aurionpro Solutions and MasterCard partners to bring next-generation contactless payment to public transport

This partnership will bring fast, convenient, and secure contactless payment to public transport across the region.

Aurionpro Solutions’ subsidiary in transit business, Aurionpro Transit has partnered with MasterCard to provide commuters with a next-generation contactless payment method for public transport. The partnership brings integrated digital payment innovation to urban mobility across the region, providing commuters with a fast, convenient and secure payment experience across all forms of public transportation, including trains, buses, bikes, scooters, taxis, ride-hailing and more.

Commuters will be able to tap-and-go using any digital wallet paired with a MasterCard, making travel simpler, faster and more efficient. MasterCard’s open-loop solutions ensure commuters can utilize the same digital wallet across all transit modes and in numerous cities, eliminating the need for multiple cards or regular top-ups. For transit agencies and authorities, the partnership enhances their ability to design and deploy user-friendly payment solutions and provide their commuters with a seamless and convenient travel experience.

Established in 1997, Aurionpro Solutions Limited works in providing business solutions in the fields of Transaction Banking Platforms, Customer Experience (ACE Platform), Smart City and Smart Transportation experience and Cybersecurity solutions. The company primarily offers software products and consulting services to the banking industry in India and abroad.

On Monday, Aurionpro Solutions shares closed at Rs 1,595, down by 0.12% from its previous closing of Rs 1,596.85 on the BSE. Today, the stock opened at Rs 1,630 and touched a high and low of Rs 1,640 and Rs 1,525.20, respectively.

The BSE group ‘T’ stock of face value of Rs 10 has touched a 52-week high of Rs 1,640 and Rs 291, respectively.

Last one week high and low of the scrip stood at Rs 1,640 and Rs 1,378.15 respectively. The current market cap of the company is Rs 3,422.22 crore. The promoters holding in the company stood at 31.19%, while Institutions and Non-Institutions held 3.13% and 65.68% respectively.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.