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New PoS deployment grows at slowest pace since demonetisation: RBI dataIndustry insiders told us that while new PoS terminals are still being deployed, it’s mostly in organised and large format retail, which of...
Payments firm Cashfree posts 75% jump in FY23 revenue, losses bloat to Rs 133 croreTotal expenses for Cashfree more than doubled to Rs 750 crore during the year, mainly on account of employee costs jumping to Rs 198 crore ...
Pine Labs FY23 revenue surges 56% to Rs 1,588 crore, losses dip marginallyPine Labs majorly deploys point of sales terminals at retail merchant outlets and recently started its online ecommerce payments business t...
Cashfree-owned Zecpe looks to expand offerings, rebrands to Ecom360Ecom360 currently works with 1,500 merchants and offers them services such as return-to-origin reduction on returns, fraud detection and ad...
Premiumisation wave sweeps across India's small townsThe Indian ecommerce market is expected to reach ₹9 lakh crore by FY26, with customers from tier-2 and smaller cities driving most of the g...
Rivals snag users from top payment gateways hit by RBI freeze; RoC seeks MCA nod to examine GoMechanic’s booksPayment aggregator CCAvenue has seen an 18% jump in new merchant sign-ups in the October-December period, while merchant addition tripled i...
Razorpay acquires rewards management company PoshvineThis is Razorpay’s fourth acquisition this year and the seventh overall. It comes close on the heels of its $200-million acquisition of off...
Fintech unicorn Razorpay acquires Ezetap in a cash-and-equity dealSources told ET that Razorpay has paid $150 million for the deal, of which $100 million will be cash payouts to Ezetap’s shareholders.
Pine Labs eyes $4-5 billion in monthly payments volume from new businessAt that point, online payments should contribute 20% of revenue, Pine Labs chief executive Amrish Rau said, disclosing the company's target...
Digital payments provider Pine Labs acquires API infra firm Setu for $70-75 millionPost the acquisition, Setu will work independently and retain its brand entity and continue to serve its existing merchants and Pine Labs w...
Tata Motors probing Nexon EV fire; Pine Labs acquires SetuAfter a video showing a Nexon electric car on fire went viral on social media, Tata Motors said it has launched an investigation into the i...
Pine Labs raises $50 million from PE major Vitruvian Partners at a valuation of $5 billionLast month, it had closed a $150 million financing from Alpha Wave Global (previously Falcon Edge) which also included a secondary share sa...
Pine Labs raises $150 million from Alpha WaveThe first tranche of $75 million from Alpha Wave has already been disbursed, regulatory filings by the company in Singapore show. The news ...
Pine Labs sharpens focus on online merchants with Qfix acquisitionFor Amrish Rau-led Pine Labs, Qfix is the latest in a string of acquisitions ahead of its initial public offering (IPO) in the US. The fint...
Pine Labs in talks to acquire API infrastructure startup SetuSetu’s technology stack is expected to help Pine Labs overhaul and refine its financial data infrastructure at a time when it is actively e...
Latest Flipkart financials; SBI puts $20M in Pine LabsTwo key units of Flipkart's India business reported strong revenue growth in FY21, according to regulatory filings sourced from Tofler.
State Bank of India invests $20 million in Pine LabsPine Labs plans to invest in scaling its new product Plural, a payments gateway. The fintech startup is looking to list in the United State...
Falcon Edge may invest $100 million in Pine Labs ahead of mid-2022 IPOAccording to people aware of its plans, Pine Labs is now looking to list in the US before the end of the first half of next year.
Pine Labs appoints Flipkart's Phanimohan Kalagara as its new CTOThis development comes at a time when the company has raised nearly $800 million in less than twelve months and is now looking to make inro...
Pine Labs launches payment gateway platform PluralPlural will target partnerships with large digital merchants, financial institutions, as well as payments collected by various government o...