Pine Labs Launches Soundbox Device For Payments

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SUMMARY

Dubbed ‘Pine Labs Mini’, the soundbox-enabled device allows merchants to accept both mobile and card payments across the Visa, Mastercard, American Express and RuPay networks

The device has a built-in ‘tap and pay’ feature through which merchants can accept card payments up to INR 5,000

Earlier this month, Pine Labs’ subsidiary Setu launched a UPI-focused payments platform for businesses and developers called UPISetu

Delhi NCR-based fintech startup Pine Labs has teamed up with credit and debit cards major Visa to launch a soundbox-enabled device ‘Pine Labs Mini’, which allows merchants to accept both mobile and card payments across the Visa, Mastercard, American Express and RuPay networks.

The device has a built-in ‘tap and pay’ feature through which merchants can accept card payments up to INR 5,000. Users with NFC-enabled smartphones can also pay through their phones using the tap feature.

The device supports both 4G and 5G network connectivity and offers audio alerts in two languages — Hindi and English.

Pine Labs Mini has been specifically designed to cater to small and medium-sized merchants, helping them tap into the growing consumer adoption of tap-to-pay card (and smartphone) payments and UPI in India, the company said in a statement.

It is pertinent to mention here that earlier this month, Pine Labs’ subsidiary and API infrastructure provider Setu announced the launch of UPISetu, India’s first UPI-focused payments platform for businesses and developers.

(The story will be updated soon)





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Pine Labs Launches Soundbox Device For Payments


SUMMARY

Dubbed ‘Pine Labs Mini’, the soundbox-enabled device allows merchants to accept both mobile and card payments across the Visa, Mastercard, American Express and RuPay networks

The device has a built-in ‘tap and pay’ feature through which merchants can accept card payments up to INR 5,000

Earlier this month, Pine Labs’ subsidiary Setu launched a UPI-focused payments platform for businesses and developers called UPISetu

Delhi NCR-based fintech startup Pine Labs has teamed up with credit and debit cards major Visa to launch a soundbox-enabled device ‘Pine Labs Mini’, which allows merchants to accept both mobile and card payments across the Visa, Mastercard, American Express and RuPay networks.

The device has a built-in ‘tap and pay’ feature through which merchants can accept card payments up to INR 5,000. Users with NFC-enabled smartphones can also pay through their phones using the tap feature.

The device supports both 4G and 5G network connectivity and offers audio alerts in two languages — Hindi and English.

Pine Labs Mini has been specifically designed to cater to small and medium-sized merchants, helping them tap into the growing consumer adoption of tap-to-pay card (and smartphone) payments and UPI in India, the company said in a statement.

It is pertinent to mention here that earlier this month, Pine Labs’ subsidiary and API infrastructure provider Setu announced the launch of UPISetu, India’s first UPI-focused payments platform for businesses and developers.

(The story will be updated soon)





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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