Policy
Pine Labs wins all three RBI payment licences
By Startup Enthusiast ·
- Date
- Company
- Pine Labs
- What it does
- All three RBI licences
- Kind
- Policy
What they do
Pine Labs secured payment aggregator licences from the Reserve Bank of India for offline, online and cross-border payments, per an RBI notification in…
What happened
This gives it every approval needed to offer digital payments in India
Why it matters
The company has served large retailers with card machines since 1998 and added online payments in 2020-21
The details
- Three payment aggregator licences granted.
- They cover offline, online and cross-border payments.
- It came while the IPO was open.
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