Pine Labs unveils speedier, secure online payment products

Pine Labs, one of Asia’s leading merchant commerce platforms, has unveiled a range of speedier and secure online payment products with the launch of Plural.

Plural is expected to disrupt the payments gateway space and make the offline-to-online transition easier for Pine Labs’ merchant base and other online businesses looking to tie up with a company with a good track record in the payments ecosystem.

“We believe Plural is going to be a category-defining product that will deliver an unmatched payment experience to the end-user,” said B. Amrish Rau, CEO, Pine Labs.

The three key products under the Plural brand include Plural Gateway, Plural Checkout, and Plural Console.

Plural Gateway is a customisable payment gateway that allows payment acceptance via 100+ modes of payment which is also equipped to process Buy Now Pay Later (BNPL) transactions.

Plural Checkout is a Mobile SDK (Software Development Kit) intended to boost payment gateway performance for Android and iOS users. Plural Console is a Payment Orchestration Platform (POP) that offers a single tech framework to trigger transactions via multiple payment gateways.

The launch of Plural timed with the first-ever fintech summit called Pine Labs X.0.

Plural is aimed towards merchants and enterprises looking to set up afresh or augment their existing online commerce business.

“I really had a fantastic time interacting with industry leaders like Gaurav Munjal, Gokul Rajaram, Shailendra Singh, and Pine Labs’ very own Tanya Naik who joined us from PayPal last year and has truly spearheaded our entry into the online payments business,” added Amrish.

In April 2021, the firm acquired Fave, a leading consumer fintech platform that provides a smart payment app to the smart generation of consumers looking to pay and save.

Fave is currently operational in 35 cities across Malaysia, Singapore, and Indonesia and is also available in India.

Incorporated in Singapore, Pine Labs’ key investors include Sequoia India, Actis Capital, Temasek, PayPal, and Mastercard. #