Pine Labs secures all three payment licences from the RBI

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IPO-bound digital payments processor Pine Labs has secured all the mandated regulatory licences needed to offer digital payments in the country.

According to a recent notification issued by the Reserve Bank of India, Pine Labs has secured a payment aggregator licences for offline payments, online merchant payments, and for processing cross-border payments.

The company, which has served as an offline payment processor for large organised merchants since its inception in 1998, ventured into digital payments with Pine Labs Online in 2020-2021. It added a…



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Pine Labs secures all three payment licences from the RBI



IPO-bound digital payments processor Pine Labs has secured all the mandated regulatory licences needed to offer digital payments in the country.

According to a recent notification issued by the Reserve Bank of India, Pine Labs has secured a payment aggregator licences for offline payments, online merchant payments, and for processing cross-border payments.

The company, which has served as an offline payment processor for large organised merchants since its inception in 1998, ventured into digital payments with Pine Labs Online in 2020-2021. It added a…



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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