Page 25 - Pine Labs News Today

The country has over 9,500 fintech companies operating in the country

In March this year, Worldline India launched Vabox (Voice Alert Box): merchants will now get instant audio alerts on the settlement of UPI (Unified Payments Interface) payments via QR codes in languages of their choice when customers check out. They neednt worry whether the amount has been credited to their account, says Gulshan Pruthi, the firms executive vice-president. The French payments giant will roll out 500,000 Vaboxes in the initial phase.

Earlier, banks and NBFCs could not enter into default loan guarantee arrangements with unregulated lending service providers. Now they can, with judicious and reasonable risk sharing between the two

After the annulment of the PhonePe deal, ZestMoney lost its key partnerships and saw the exit of its founders. Can it rise again?

The RBI has allowed non-bank prepaid payment instruments (PPI) issuers to issue e-RuPi vouchers, currently done by a few banks, in partnership with the NPCI for specific reasons, including payment of hospital bills, etc.

Redseer Strategy Consultants has recently released a report titled 'Future of Online Payments' in collaboration with Plural by Pine Labs.

Sequoia Capital has been split into three independent geographic business units—US/Europe, China, and India & Southeast Asia.

Joel Neoh, who was the founder of Fave, a Southeast Asian fintech platform backed by Sequoia Capital and acquired by Pine Labs, has joined Hong Kong-based Prenetics Global Limited to head up CircleDNA as managing director.

Fintech major Pine Labs is planning to raise a fresh round of funding at a valuation that could be less than the level to which ......

Janus Henderson has further marked down its stake valuation in Mumbai-based online pharmacy PharmEasy parent API Holdings.