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September 04, 2023
o Revolutionises digital payments acceptance by launching a QR-first and card tap payments device.
o Price-friendly offering to merchants; expected to be priced at one-third of the standard PoS terminals.
o Aimed at improving digital payments penetration pan India as the cost-effectiveness appeals to SMEs.
New Delhi, September 4, 2023: Leading merchant commerce omnichannel platform, Pine Labs has announced the launch of Mini, a revolutionary QR and Card acceptance device. Expected to be available at nearly one-third of the cost of a regular Point of Sale (PoS) terminal, Pine Labs Mini is an ideal solution for small merchants.
Most PoS devices in India are tailored for debit/credit card customers. For the first time, Pine Labs is introducing in India a QR-first and card tap contactless payments device targeted at SMEs. This price-friendly product is expected to further boost digital payments adoption in India.
Commenting on the launch, Navnit Nakra, CRO, Pine Labs, said, "QR-based and card tap payments are a perfect solve for Indian consumers on the go. On the merchant-side, an absolute must is a fast checkout experience and elimination of the cost barrier in point-of-sale digitisation. Addressing these needs, we are delighted to launch a QR-first, card accepting, cost-effective PoS solution called Pine Labs Mini."
Pine Labs has been at the forefront of the ongoing digital payments revolution in India offering merchants innovative payment solutions for their omnichannel needs. As a tech-first organisation it continues to innovate to solve for merchant pain points.
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 - Qwikcilver offers a cutting-edge, full-stack, end-to-end technology service solution in the Pre-paid Transaction Management, Gift Cards, and Sales/ Distribution Space, with a strong presence in multiple countries and live service engagements with leading brands and major customers from the Retail, Hospitality and Airline Industries, across the following geographical regions; South Asia - India, South East Asia and the Far East - Singapore, Malaysia, Indonesia, Philippines, Middle East and Africa - Dubai, Abu Dhabi, South Africa, Europe - Luxembourg and Czech Republic, Australia, New Zealand and Hawaii in the United States of America, at the present moment. 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.