Shares of Aurionpro Solutions Ltd jumped 5% on 24 May after the company announced its strategic partner with Fime, which is a leading payment services provider. 

In a filing with the stock exchange, the company announced that its subsidiary, Aurionpro Transit, has joined forces with Fime to explore opportunities in transit ticketing, payments, and fare collection projects on a global scale.

Aurionpro Transit is a provider of transit ticketing solutions worldwide, while Fime specialises in consulting and testing services for payment systems.

With a shared vision to revolutionise the transit experience, Fime and Aurionpro Transit have formed a partnership to combine their expertise and resources in order to meet the needs of public transport operators and authorities around the world, according to the company.

The goal of this partnership is to bring about change and propel the transportation industry towards a future characterised by innovation and efficiency, states Aurionpro Solutions.

Together, Fime and Aurionpro Transit will launch initiatives aimed at educating industry stakeholders about the transformative potential of emerging technologies in transit ticketing and fare collection.

Sanjay Bali, CEO at Aurionpro Transit Pte. Ltd said, “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.”

Earlier last week, the company announced its first-ever bonus issue, offering one free share for every share held in the company. 

At 3:30 pm, the shares of Aurionpro Solutions closed 1.51% higher at Rs 2,196.40 on NSE.