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The company will also be hiring over 100 new employees in Southeast Asia and India to accelerate cashless payments and smart savings across the region.
Pine Labs expands in Southeast Asia 4th March 2021 ANTARA/Business Wire New Delhi, India--(Antara/Business Wire)- Pine Labs, a leading merchant commerce platform in Asia, announced key organizational changes to further strengthen its growth opportunities, presence and its commitment to the region. Pine Labs subsidiary, Qwikcilver has made significant progress in evangelising and pioneering the Prepaid Stored Value and Gift Card category in the Southeast Asian region over the last two years. The Qwikcilver Stored Value technology platform is now the most preferred Gift Card suite adopted by t...
Indian Fintech Deal Activity Fell 23% To $2.7 billion In 2020: KPMG March 2, 2021 The pandemic caused a slowdown in fintech financing in India, with overall funding falling by 23% to $2.7 billion in 2020 from $3.5 billion in the previous year, KPMG said in its Pulse of Fintech report for the second half of last year. In the course of the last year, banks and insurance players enhanced their digital capabilities due to the pandemic, as a result of which a bulk of last years’ investments went to fintechs in the payments, insurance and wealth space. Globally, the overall deal value fell to $10...
‘Buy now pay later’ is big draw for India’s Gen Z Surabhi Mumbai | Updated on Players see multi-fold rise in usage from pre-Covid levels The use of the ‘buy now pay later’ (BNPL) facility, which allows customers to turn purchases into EMIs, is growing fast across the country as consumers find the instrument not only convenient but also affordable. Pine Labs, the country’s largest BNPL EMI platform, has seen 60-70 per cent greater demand compared to January 2020. Similarly, ZestMoney has seen demand touching 140 per cent of pre-Covid levels. While players say BNPL demand has b...
Technuter Pine Labs launched AllTap, a feature-rich app that can significantly accelerate digital payments adoption in India. Pine Labs AllTap is a revolutionary new app for small merchants to immediately start accepting digital payments on their NFC-enabled smartphone without the need of any additional hardware. The ‘tap and pay’ feature within the app is secure and is certified by PCI Security Standards Council (PCI SSC), RuPay, Visa, Mastercard and Amex. While the ongoing pandemic propelled the adoption of digital payments in India, a large and critical segment of small entrepreneurs a...