Page 35 - Pine Labs News Today

The regulatory body SEBI originally returned PayMate’s DRHP on January 17, 2023 asking to make certain updates in the IPO papers

Through advanced capabilities under the Qwikcilver brand, Pine Labs Issuing Business will be better able to...

In March last year, Pine Labs had raised $50 million at a $5 billion valuation from Vitruvian Partners. Prior to that, it had raised around $150 million from Alpha Wave Ventures in a funding round.

Pine Labs has acquired Saluto Wellness' proprietary enterprise platform to boost its issuing business under the Qwikcilver brand.

Despite securing a banking licence, there are a lot of challenges to be tackled — keeping Unity SFB’s Capital-to-Risk Assets Ratio & mounting losses

The RBI has asked payment service provider PayU to reapply for its payment aggregator (PA) licence due to its complex corporate structure.

BharatPe Group has received an in-principle authorisation from the Reserve Bank of India to operate as an online payment aggregator

RBI rejects suggestions from Facebook, Google, Amazon, and others to replace NPCI

RBI has reportedly put the issuance of licences for the NUE network, a retail payment system that was to compete with the NPCI, on hold

In the second week of February, the Indian startup ecosystem raised $1.5 Bn across 50 deals and reported 8 merger and acquisitions