Pine Labs Receives Three Key RBI Payment Licences Ahead Of IPO

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SUMMARY

Pine Labs has secured all three key payment licences from the Reserve Bank of India (RBI), allowing it to operate across the full range of digital payment services in the country

These licences will enable Pine Labs to process domestic and international payments, manage settlements and expand its merchant network across both online and offline channels

The regulatory nod comes shortly after the fintech major closed its initial public offering (IPO) with an oversubscription of 2.46X….



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Pine Labs Receives Three Key RBI Payment Licences Ahead Of IPO


SUMMARY

Pine Labs has secured all three key payment licences from the Reserve Bank of India (RBI), allowing it to operate across the full range of digital payment services in the country

These licences will enable Pine Labs to process domestic and international payments, manage settlements and expand its merchant network across both online and offline channels

The regulatory nod comes shortly after the fintech major closed its initial public offering (IPO) with an oversubscription of 2.46X….



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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