Pine Labs

Mastercard invests $300 Mn in Pine Labs

Pine Labs

Cloud-based, unified point-of-sale (POS) platform Pine Labs has secured an investment of $300 million from Mastercard. Following the deal, Pine Labs and Mastercard will deliver a range of services that includes card payments, real-time instalment financing at checkout (both in-store and online), as well as end-to-end stored-value solutions that seek to replace the current paper-based solutions.

Recently, Pine Labs has posted operating revenue of Rs 491.63 crore with a net loss of Rs 13.74 crore in FY19. (Source)

 

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