- Unveils a range of speedier and secure online payment products and SDKs to elevate the online checkout experience
- Products announced at the inaugural Pine Labs X.0 summit – a global thought leadership summit involving industry leaders
Pine Labs, a leading merchant commerce platform, today launched Plural, marking its entry into the online payments space. Backed by its years of strong technological capabilities, the company now aims to reinvent the space through a suite of online payment products focused on speed, security, and user experience.
Announced during the inaugural Pine Labs X.0 summit involving global industry thought leaders, 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.
“I am very excited to take Pine Labs on a new journey and a familiar terrain. What our technology folks have delivered with Plural is absolutely a world-class, advanced tech, and a seamless way for online commerce to happen. 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.
Three key products announced today 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 our first-ever fintech summit called Pine Labs X.0 is another special feeling. 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.
Plural is aimed towards merchants and enterprises looking to set up afresh or augment their existing online commerce business. The company is targeting online stores, big e-commerce companies, large-scale government institutions, and large financial services companies. These are all key segments where speed, simplicity, and security are uncompromising elements when it comes to the desired user experience.
To know more about Plural, please visit: www.pinelabs.com/online-payments
About Pine Labs
One of Asia’s leading merchant commerce platforms, Pine Labs serves prominent large, mid-sized and small merchants across Asia and the Middle East. The company’s unique cloud-based platform enables it to offer a wide range of payment acceptance and merchant commerce solutions including enterprise automation systems such as inventory management and customer relationship management. Its stored value platform includes issuing, processing, and distributing digital gift cards for corporate customers around the world. In April 2021, Pine Labs 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. To know more, please visit www.pinelabs.com