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Aurionpro becomes First Indian Company to Launch EMV Card Type Payment Terminal (ECR-one) at UITP, Barcelona

Posted On : 2023-06-07 13:45:06( TIMEZONE : IST )

Aurionpro becomes First Indian Company to Launch EMV Card Type Payment Terminal (ECR-one) at UITP, Barcelona

Aurionpro today launched its first homegrown EMV Card Type Payment terminal (ECR-one) at the UITP Global Public Transport Summit, the world's leading conference and exhibition, being held in Barcelona, where public transport professionals converge to exchange ideas, foster innovation, and establish valuable connections.

The launch ceremony was graced with the presence of Mr Chapin Flynn, Senior Vice President - Head Transit and Urban Mobility, Mastercard, and Mr Himanshu Joshi - State Bank of India, Frankfurt Branch.

With the launch of ECR-one, Aurionpro becomes the first Indian-based Company to have designed and manufactured a device that can accept both RuPay open loop cards and EMV global payment cards. The payment terminal can be used in all transit validators and non-transit solutions. This makes Aurionpro one of the few global transit players boasting a complete contactless payment solution and validator devices, including the EMV card reader.

ECR-one is a single product platform that allows contactless card reading, transaction processing, and ensures comprehensive security for financial transactions. EMV card readers support contactless payments for any EMV banking card, RuPay, and other global payment standards, including closed loop cards and NFC. The terminal is strongly suited for a wide variety of use cases, including payment, retail, and ticketing.

Sanjay Bali - President, Aurionpro, present at the launch event, congratulated the team on this achievement and said, "At Aurionpro, our R&D teams are focused on innovating and building marketleading products that provide frictionless payment experience across the transit ecosystem. The launch of ECR-one will raise the bar for payment terminals worldwide and reinforce our position as an integrated global player in the transit space, as well as help us expand our presence in the nontransit payment ecosystem."

Shares of Aurionpro Solutions Limited was last trading in BSE at Rs. 840.15 as compared to the previous close of Rs. 800.15. The total number of shares traded during the day was 4256 in over 86 trades.

The stock hit an intraday high of Rs. 840.15 and intraday low of 790.00. The net turnover during the day was Rs. 3499545.00.

Source : Equity Bulls


AurionproSolutions INE132H01018 EMVCardType PaymentTerminal