Aurionpro stock rises 5% as subsidiary partners with Fime for ticketing solutions

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Shares of Aurionpro Solutions Limited were trading 5 percent higher on May 24 at Rs 2,270 apiece after the company's subsidiary Aurionpro Transit announced a strategic collaboration with Fime to explore opportunities in transit ticketing, payments, and fare collection projects worldwide. Fime is a leading provider of consulting and testing services for payment systems.

"Through this strategic collaboration with Fime, our goal is to advocate for best practices and help public transport operators embrace innovative solutions that benefit passengers and stakeholders alike," the company said in a regulatory filing.

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Aurionpro Transit is a global leader in transit ticketing solutions, offering
a host of products and services for public transport operators and authorities. Fime is a leading provider of consulting and testing services for payment systems.

Last month, Aurionpro Solutions' share price hit the 5 percent upper circuit after the tech firm bought a 67 percent stake in artificial intelligence firm Arya.ai, which will allow it to make advanced AI systems for big banks and insurance companies. The acquisition, at $16.5 million, will allow Aurionpro to make advanced AI systems for big banks and insurance companies worldwide, the company said in a statement.

Mumbai-based Aurionpro is a technology solutions provider specialising in banking, mobility, payments, and government sectors.

At about 12:20 pm, shares of the company were trading at Rs 2,263 apiece, up over 4 percent from the previous close on the NSE. The Aurionpro Solutions stock price has slipped 15 percent in the past month.

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