Who is the owner of Pine Labs?
Pine Labs
| Industry | Fintech |
|---|---|
| Founder | Lokvir Kapoor Rajul Garg Tarun Upaday |
| Headquarters | Noida, India |
| Area served | India, Middle East, Southeast Asia |
| Key people | Lokvir Kapoor Executive Chairman B.Amrish Rau Chief Executive Officer |
Are Pine Labs profitable?
Pine Labs said it continues to be well-financed and has been EBITDA profitable for several years. “Over the last year, Pine Labs has made significant progress in its offline to online strategy in India and the direct-to-consumer play in Southeast Asia.
How does Pine Labs make money?
How does Pine Labs make money? Pine Labs earns its revenue by leasing its devices to and from subscription charges, while its payment gateway partners and merchant banks impose transaction charges.
Are Pine Labs safe?
“Pine Labs continues to be one of the most secured and compliant PCI-DSS platforms. We can confidently state that our systems continue to be fully secured and our production systems continue to operate as usual and all customer data is safe,” Kumar said in the statement.
Is Pine Labs a good company?
very nice company This is one of the best MNC Company in Acquiring Department. company is well and good.in the present market pinelabs is the one of the best company to provide the advanced features provided in edc terminals.
How do Pine Labs work?
Pine Labs’ mobile platform Plutus Smart is a Pine Labs’ android-based smart transaction machine allows merchants to process an entire sales transaction using a single hand-held device. This led us to look at bringing in working capital loans for merchants and EMI options for consumers.”
Is Pine Labs a payment gateway?
The Payment Gateway API can accept payments through multiple payment modes including credit/debit cards, netbanking, bank or brand EMI, wallets and UPI. It is a simple and flexible option for internet commerce.
How are transaction fees calculated?
Calculate transaction cost. Subtract the cost of all assets purchased from the total price paid to the broker. The difference is the cost of the transaction, which can either be broker commissions or other fees.
Can a POS transaction be traced?
“Every card transaction with the PoS usually drops a “footage,” popularly called “Alert”, with the description of the merchant, which can be used to trace complaints. “In the case of PoS, there is a face behind each device, despite the fact that it is registered with a company’s name and account.
How can I reduce my payment gateway fees?
How to reduce your payment processing costs?
- transaction-processing fees.
- refund fees.
- fraud-prevention system fees.
- subscription plan fees.
- recurring payments (tokenization) fees.
- commission fees (either to be paid to PSP or acquirer)
- Currency-conversion cost.
Who is the founder and CEO of Pine Labs?
Below are all the Frequently Asked Questions about Pine Labs. The questions are about Pine Labs funding, Pine Labs revenue, Pine Labs founder, Pine Labs CEO, Pine Labs Head office, Pine Labs contact details and more. When was Pine Labs founded?
Who is Rajul Garg, founder of Pine Labs?
Rajul Garg is an entrepreneur turned investor. He founded Pine Labs, the largest PoS payment company in India and GlobalLogic, a leader in outsourced product development. He also founded Sunstone, an innovative technology-led business school.
What did Pine Labs do for a living?
Maniacal focus on creating a product and services platform that widens access and accelerates commerce for merchants in each local market we operate in. When Pine Labs began, our main focus was on smart card-based payment and loyalty solutions for the retail petroleum industry.
What does Pine Labs do for merchant commerce?
Pine Labs is shaping the future of merchant commerce in Asia. We are delivering cutting-edge fintech solutions, built using our technology prowess and fueled by our zeal to innovate and solve problems. We believe that every business can grow exponentially with technology and capital.
