Statement

Press Release

July 22, 2019

Statement

New Delhi, July 22, 2019: Pine Labs Private Limited filed its appearance before the District Court in Bangalore today, refuting allegation of patent infringement IN309274 and to confirm its non-infringing status in the matter. As leaders in this industry we will defend against such frivolous and anti-competitive legal actions as well as challenge the legitimacy of such generic patent grants.

Pine Labs respects intellectual property rights and shall continue to comply with the law of the land. We will continue to defend our position before the authorities and ensure uninterrupted business for our customers.


About Pine Labs

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

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