Payments and merchant commerce firm Pine Labs has appointed Wall Street investment banks Morgan Stanley and Goldman Sachs as advisors for its initial public offering (IPO) in the United States next year, sources aware of the matter said. The India and Southeast Asia-focused e-payments firm is looking at a valuation of around $6 billion through … Read more
The coronavirus pandemic, which crippled many sectors, has inadvertently aided India’s credentials as an innovative and digital payments market rapidly gaining in scale. Every day, more than 100 million Indians use a plethora of digital and electronic channels such as debit cards, Unified Payments Interface (UPI), e-wallets, Fastag, or Aadhaar Enabled Payment Systems (AePS), putting … Read more
For years millions of individuals carrying the plastic card in their wallets for payment didn’t even know they could just tap their cards on the black brick-like machine at the shop as they walked out with merchandise. As fear-stricken people looked out for ways to avoid touching even their door knobs, they learnt that payments … Read more