 "MasterCard credit cards are seen in this illustrative photograph. Photo: Reuters")
Pine Labs, a digital retail payments company, on Friday announced an undisclosed investment by US-based payments technology company Mastercard. The investment is part of a partnership to continue the rapid growth of convenient electronic payment options for consumers across the region. The collaboration will deliver an extensive range of card and real-time payments-based installment financing at checkout – in-store and online.
Together, the companies will offer a suite of value-added services, including Pine Labs’ end-to-end stored value solutions which will replace the paper ones now widely used by companies, retailers and people in South Asia and many other markets. Terms of
