Pine Labs invests, ties up with fintech startup Fave
Pine Labs has invested an undisclosed amount of money and also entered into a strategic partnership with Fave, a fintech platform offering QR code payments to restaurants and retailers in Southeast Asia.
Through the partnership, Fave’s QR code will become integrated with Pine Labs’ terminals to enable a seamless payments experience for consumers. This will also enable Fave to expand into debit and credit card payments via the terminals.
“Fave’s expertise in operating merchant loyalty programmes and the QR space and our own expertise in providing payments, loyalty and gift solutions will help merchants in the region navigate expansion in the post-COVID-19 world,” Pine Labs chief executive officer Amrish Rau said.