Pine Labs announces investment from Mastercard

Tuesday 28 January 2020 15:24 CET | News

Pine Labs, an Asia-based merchant commerce platform, has announced an investment by Mastercard that underscores confidence in India’s growing economy.

The investment is part of a partnership to continue the rapid growth of convenient electronic payment options for consumers across the region. The collaboration will deliver an extensive range of card and real-time payments-based instalment financing at checkout – in-store and online.

Together, the companies will offer a suite of value-added services, including Pine Labs’ end-to-end stored value solutions, which will replace the paper ones now widely used by companies, retailers, and people in South Asia and many other markets.

Terms of the deal were not disclosed.

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Keywords: Pine Labs, Asia, merchant, commerce platform, investment, MasterCard, India
Categories: Payments & Commerce
Countries: Asia
This article is part of category

Payments & Commerce