India is one of the fastest growing countries for payment cards in the Asia Pacific region. Approximately 214 million cards (credit and debit) are in circulation, with 404 million transactions processed annually, and growing at over 20% year to year. India currently has a merchant terminal base of 425,000 – and industry estimates suggest that 20% of these terminals process over 80% of all transactions. Pine Labs solutions revolutionize the way payment is accepted at the merchant Point of Sale. Merchants can replace multiple EDC terminals and move acceptance to their PC POS.

This not only generates substantial cost efficiencies but also enables brand-new business solutions.

• Replace EDC terminals and hence reduce Telco costs
• Streamline operations at the POS by integrating billing with payment application
• Automate transaction routing across multiple POS to optimize Acquiring strategy
• Centralize transaction warehousing and management
• Digitize and automate reconciliation of POS settlement and Acquirer payment advice
• Leverage rich MIS, including Acquired level transaction analysis and quarterly audit reports
• Centralize POS level alerts at HO for control and monitoring of operations
• Save cashier time
• Introduce new services like EMI, Issuer-based Discounts, Cash Back at the POS or Mobile Recharges – seamlessly integrated with billing operations

Pine Labs has over the year built relationships nearly all acquiring banks in India e.g. Axis bank, Citibank, HDFC, American Express, SBI, First Data/ICICI and HSBC Global Payments.

• Plutus Desktop
• Plutus Hub
• Plutus Secure
• Transaction Reconciliation Management
• Plutus EMI