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March 14, 2023
New Delhi, March 14, 2023: Leading merchant commerce omnichannel platform, Pine Labs today announced the appointment of Navin Chandani as the President of its Issuing Business. Issuing Business of Pine Labs is a market leader in the issuing of prepaid cards, gift cards, rewards, incentives, loyalty programs and several other stored value programs for retail and enterprise clients through its brand Qwikcilver.
Navin is based in Mumbai and prior to joining Pine Labs, he was the Regional Managing Director for India and South Asia at CRIF, a global fintech specialising in credit & business information, analytics, and open banking. Navin has nearly three decade of leadership experience and has worked with companies like Visa and American Express.
Commenting on the appointment, B Amrish Rau, CEO, Pine Labs, said, “We are delighted to welcome Navin, who has rich experience in building high-performance payment businesses across geographies. His wealth of experience and strategic thinking will help us scale further our issuing business. We are also excited for Kumar Sudarsan who moves to a new role of Chief Growth Advisor for Pine Labs group. Kumar has been instrumental in laying the foundation and driving the phenomenal success of the brand Qwikcilver.”
“I am excited to join a progressive fintech like Pine Labs. I take this opportunity to thank Amrish and the rest of the leadership for their warm welcome into the organisation. I look forward to working with all stakeholders to take the issuing business to newer heights,” said Navin Chandani, President - Issuing Business, Pine Labs.
Pine Labs is a leading merchant commerce omnichannel platform operating across India and Southeast Asia. Pine Labs tech-first approach to digital payments and focus on simplification at the front end aims to help many businesses embrace fintech products at scale. In digital payments, our online payments cloud-based software Plural represents a one-stop payments destination across channels. Plural is designed to deliver secure and frictionless online payment experiences to the end user, powered by an advanced tech stack that can augment an existing online business or build an all-new e-commerce payment setup from the ground up. Our Issuing business is powered by Qwikcilver - a proprietary and industry leading prepaid, stored value and gift card issuance, processing and distribution solution. Qwikcilver is the platform of choice for leading enterprises including merchants, brands, e-commerce companies across categories in India, Middle East and Australia powering embedded issuing solutions that bolster sales, acquire and retain customers, drive operational efficiencies and improve cash flows. In consumer app, Fave is a fintech platform for the next generation of consumers, providing smart payments and savings, while empowering merchants with a loyalty solution to grow and engage with their customers in a whole new way. Incorporated in Singapore, the key investors of Pine Labs include Sequoia India, Actis Capital, Temasek, PayPal and Mastercard.