UnionPay International Partners With Pine Labs to Expand Visibility in India

/ -- UnionPay International and Pine Labs today announced a partnership to create merchant and consumer awareness about acceptance of UnionPay debit and credit cards in India. As a result of this partnership, UnionPay cardholders all over the world who travel to India will be able to transact at all Pine Labs point-of-sale terminals in over 3,000 cities across diverse sectors - electronics, food & beverage, hospitality, fashion, pharmacy, telecom and airlines.

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Kush Mehra, President, Payments Business, Pine Labs said, "We are excited to partner with UnionPay International in facilitating and enhancing payment experience for Chinese tourists traveling to India. Other than ease of payment in offline stores, UnionPay customers will have access to retail offers from over 100 brands that are part of our network today. This partnership will also benefit our partners in the hotel segment."
About Pine Labs
Pine Labs is incorporated in Singapore and has its largest operations in India. It is a merchant platform company that provides financing and last-mile retail transaction technology. Pine Labs' offerings are currently used by over 1,00,000 merchants in 3,700 cities and towns across India and Malaysia. Its investors include Sequoia Capital, PayPal, Temasek, Actis Capital and Altimeter Capital. To know more, please visit http://www.pinelabs.com
About UnionPay International