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May 09, 2022
New Delhi, May 9, 2022: Leading merchant commerce platform, Pine Labs today announced it has roped in acclaimed actor Ayushmann Khurrana and released a new ad film with the Bollywood star. In this film, the actor depicts the simplicity of availing Pay Later EMI purchase option at offline stores powered by Pine Labs Point of Sale (PoS) terminals. Pine Labs will run a multichannel marketing campaign across popular social media platforms and at over 17,000 consumer durables, mobile phone, electronic stores, and other retail segments of top brands pan India to promote this film.
Commenting on core campaign insight, Jerry Williams, Vice President, Marketing, said, “We've all been enjoying the convenience of paying later since our childhood and availing it now on the Pine Labs terminals is as easy and seamless. Instant, paperless and ubiquitous. These terminals can convert any mode of digital payment into EMIs of 3, 6, 9, 12 months, without the complication of subscribing to any additional cards or apps.
The ‘baad mein’ or ‘I will pay later’ nod has been used in the ad as an interesting creative device which we feel will resonate with audiences across age groups and geographies to land the message that Pine Labs makes these solutions simple and accessible to all businesses and their customers. And no better personality to endorse this exciting in-store digital Pay Later proposition than the versatile actor Ayushmann Khurrana who enjoys an incredible connect with the masses across age groups.”
India has seen a massive uptick in digital transactions with 81.93 billion digital transactions carried out in FY 21-22 (data as on March 20, 2022), as per Ministry of Electronics and Information Technology (MeitY) as compared to 20.72 billion in FY17-18
From incentive schemes to awareness initiatives, several measures have been taken by the banking regulator and the incumbent government to expand the digital payments ecosystem in India. Pine Labs’ Android PoS terminals have emerged as an all-in-one PoS solution for merchants who are looking to drive sales through the integrated Pay Later offering and at the same time accept new-age digital payment solutions such as QR code payments, tap and pay contactless payments, and other payment modes such as net banking, debit/credit cards, UPI, and wallets.
“On the heels of the Pine Labs corporate brand refresh, we highlight BNPL as the first among many solutions that bring to all entrepreneurs the power of our robust fintech platform that enables them to deliver the best world-class retail experiences to their end consumers, driving affordability, delight and loyalty,” added Jerry Williams.
"It is not every day that you get to connect with something purposeful that makes a difference in people's lives. Pine Labs' Pay Later is a campaign I connected with instantly and one that I wholeheartedly support. I feel it is wonderful that customers can, with a single swipe, instantly convert their purchase into EMIs of their choice. The fact that Pine Labs Pay Later is available across electronic and non-electronic categories, makes it an irresistible option for shoppers. I had fun shooting for this ad film and I hope everybody enjoys it." says Bollywood star, Ayushmann Khurrana.
The ad film is available in English, Gujarati, Hindi, Kannada, Malayalam, Marathi, Tamil, and Telugu. It can be viewed here: https://youtu.be/6mw4Rt8QnpM
Credits:
Creative team - Praveen Balachander, Ragini Dutta
Brand Manager – Gurman Gill
Production - Footloose Films
Director: Indrasish Mukherjee
1 https://www.businesstoday.in/latest/economy/story/8193-cr-digital-transactions-in-fy22-upi-most-preferred-payment-mode-meity-327350-2022-03-25
A leading merchant commerce platform, Pine Labs serves prominent large, mid-sized and small merchants across India and Southeast Asia. The company's leading cloud-based software platform enables it to offer a wide range of payment acceptance and merchant commerce solutions including enterprise automation systems such as inventory management and customer relationship management. Its stored value platform includes issuing, processing, and distributing digital gift cards for corporate customers around the world. In April 2021, Pine Labs acquired Fave, a consumer fintech platform that provides a smart payment app to the smart generation of consumers looking to pay and save. Fave is currently available in Singapore, Malaysia and Indonesia with a planned roll-out in India in the near term. Incorporated in Singapore, Pine Labs' key investors include Sequoia India, Actis Capital, Temasek, PayPal and Mastercard.