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Phoenix helps fintech unicorn Pine Labs again on $285m fundraise with NDA, AZB, Khaitan, Gledhill, Simmons, Goodwin

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In Brief
Tuesday, 25 May 2021 14:16
Private equity / VC
Pine Labs, the digital payments and commerce solutions provider to merchants, said it has raised $285 million in new funding from public market crossover investors, including Marshall Wace, Baron Capital Group, Duro Capital, Moore Strategic Ventures and Ward Ferry Management. Its existing investors Temasek, Lone Pine Capital and Sunley House Capital have also participated in this funding round. ....

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Pine Labs raises $285 million to expand installment lending in Asia

Pine Labs raises $285 million to expand installment lending in Asia
paymentssource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentssource.com Daily Mail and Mail on Sunday newspapers.

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Daily Digest Of Tech Policy News And Updates (May 17, 2021)

Daily Digest Of Tech Policy News And Updates (May 17, 2021)
medianama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medianama.com Daily Mail and Mail on Sunday newspapers.

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Malaysia's Biggest Sports Retailer Al-Ikhsan Partners with Pine Labs to Enable Seamless In-store Payment Experiences for Its Customers

Press release content from Business Wire. The AP news staff was not involved in its creation.
Malaysia’s Biggest Sports Retailer Al-Ikhsan Partners with Pine Labs to Enable Seamless In-store Payment Experiences for Its Customers
May 12, 2021 GMT
SINGAPORE (BUSINESS WIRE) May 11, 2021
Pine Labs, one of Asia’s leading merchant commerce platforms, today announced that it has deployed its point of sale (PoS) solutions across the 136 stores of Al-Ikhsan, the biggest sports retailer in Malaysia. The fully integrated tech stack of payments, wallets, gift cards, and Buy Now Pay Later (BNPL) by Pine Labs is a solution in use by some of the top retailers across Asia. The ease, speed, and convenience of availing BNPL offers on Pine Labs’ PoS terminals and the availability of leading issuers on a single unified platform are all factors that will help retailers who are looking to boost sales in these tough times. ....

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Google Pay to soon bring contactless UPI payments using NFC in India

Google Pay to soon bring contactless UPI payments using NFC in India
Back in September 2017, Google brought its UPI-based payment serviced dubbed Google Pay in India. If you’ve been using it since its initial launch, then you already know that it used to go by the name ‘Tez’ (which is Hindi for Speed). Since its initial release, the search engine giant has rolled out new features to its payment app. Users can now even recharge their prepaid and postpaid connections while also paying various bills such as electricity and broadband.
Well, it looks like Google is now bringing a major functionality to its UPI payment service. We’re talking about contactless payments using NFC. ....

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