Pine Labs lets Indians pay in Sri Lanka via UPI
By Abha Lohia ·
Pine Labs: revenue and funding and every story →
PartnershipFinancial Services
- Pine Labs is an Indian payments company that serves merchants and consumers with checkout and acceptance tools
- It tied up with Sri Lankan payment platform WEBXPAY so travellers from India can pay with UPI, cards and net banking at partner merchants
- The service covers hotels, travel, retail and online shops, and also supports UPI AutoPay, EMI and Credit on UPI
What happened
- Partnership with WEBXPAY announced on 22 October.
- Indian tourists can use UPI, cards and net banking.
- Covers hospitality, travel, retail and online stores.
Why it matters
- Gives travellers an alternative to cash and currency exchange.
- Follows India's cross-border payment aggregator rules.
- Availability depends on each merchant.
The business
- Pine Labs connects Indian payment methods to overseas merchants.
- It also offers EMI conversion.
The founders
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