AURO FINTECH PRIVATE LIMITED

In their own words

Paynov8 provides a unified digital payments infrastructure that enables enterprises to manage recurring collections, mandates, bank account validations, and payouts through a single, API-driven platform, along with a secure web-based portal for operational and business users.Our solution integrates multiple payment rails such as NACH, UPI Autopay, and UPI-based collections, allowing enterprises to handle the complete payment lifecycle from mandate creation to debit execution, automated retries, settlements, and reconciliation either through APIs or via the web-based portal. This eliminates the need for multiple bank / vendor integrations and significantly reduces operational complexity.Paynov8 works in close collaboration with regulated banking partners to ensure high transaction success rates, regulatory compliance, and system reliability. Our platform includes automated reconciliation, real-time transaction status tracking, and detailed MIS reporting, all accessible through both API integrations and the web-based portal, enabling finance and operations teams to operate with accuracy and transparency.To address fraud and payout failures, we offer advanced beneficiary and account validation services. These validations are integrated into the transaction flow and can also be initiated and monitored through the web-based portal, to proactively prevent errors and losses.Paynov8 also supports collections through the Bharat Bill Payment System (BBPS), enabling enterprises to leverage a unified and interoperable bill payment ecosystem. Through BBPS integration, Paynov8 allows businesses to collect payments across multiple BBPS Operating Units (BBPOUs) using a single platform, ensuring standardised processes and improved reach. This capability is particularly suited for billers and service providers requiring recurring and one-time collections under a regulated framework, while benefiting from consolidated reporting, reconciliation, and settlement across BBPOUs.The platform is designed to be modular and scalable, allowing enterprises to onboard quickly and expand usage as their transaction volumes grow, while remaining compliant with regulatory requirements.

Written by the company on its public Startup India profile. Not verified by us.