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Corporate > Media and Analysts
March 27, 2019
New Delhi, March 27, 2019: Pine Labs, a merchant platform company, has announced a collaboration with Google India to enable offline transactions for their digital payments service, Google Pay. With this collaboration, Google can have access to over 330,000 point-of-sale terminals in over 3000 towns in India. Pine Labs' solutions are used by merchants from diverse sectors - electronics, food & beverage, fashion, pharmacy, telecom and airlines. Pine Labs enables online and offline last-mile retail transaction for over 100 brands.
Vicky Bindra, CEO, Pine Labs said, "We are excited to collaborate with Google and bring the convenience of UPI at point of sale for Google Pay users through our platform in India. Last year, over 100 million customers bought products and services from our merchant network. With Google Pay, we expect to reach many new groups of customers across the country."
Pine Labs branded point-of-sale terminals in offline stores can be used by merchants to process Google Pay using a secure, two-step process. Merchants can initiate a payment request using a Google Pay user's mobile number. The user then authenticates this request via their Google Pay app for the payment to be processed. Both the merchant and customer receive instant notifications on the completion of a transaction.
Pine Labs is one of Asia's leading merchant commerce platforms. Its unique cloud-based platform enables it to offer a wide range of payment acceptance and merchant commerce solutions. Pine Labs' stored value platform offers issuing, processing and distributing digital gift cards for corporate customers. Its customer base includes prominent large, mid-sized and small merchants across India, South East Asia and the Middle East. Pine Labs is incorporated in Singapore. Its key investors are Sequoia India, Mastercard, Actis Capital, Temasek, PayPal and Sofina. To know more, please visit www.pinelabs.com