Pine Labs, a payment acceptance software builder, has received an investment from Mastercard as part of a new partnership.
The aim of the partnership is to offer consumers card and real-time payment-based instalment financing options at checkout.
By working together, the company are offering a selection of value-added services, end-to-end stored value solutions which replace the paper ones used by companies, retailers and people in South Asia, the companies said.
Pine Labs offers payment acceptance solutions which let merchants accept a variety of transaction types including buy-now and pay-later services.
Mastercard Asia Pacific co-president Ari Sarker said, ?Smart devices are transforming how people shop. With this partnership, were continuing to build innovative solutions and provide people with new ways to pay right at their fingertips.
?By joining forces with Pine Labs, we are reinforcing our strategy to deliver choice to consumers and to be the partner of choice for our customers in South Asia and around the world.p>
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