PINE LABS MINI

Pine Labs, a company that specializes in payment solutions for businesses, has launched a new device called Mini. The device is designed to facilitate digital payments in India, particularly for small businesses. Unlike most payment devices in India that primarily cater to debit and credit card payments, the device focuses on QR codes and contactless card payments.

Pine Labs has been working on improving digital payments in India for some time and is constantly looking for ways to enhance the payment experience for business owners. They believe that their new device will help drive the adoption of digital payments among more people in India.

MINI PRICING AND AVAILABILITY

Although the exact pricing and availability details have not been disclosed, Pine Labs has stated that the device is expected to be priced at around one-third of the cost of a regular point of sale (PoS) terminal. This makes it an affordable option for small and medium-sized enterprises (SMEs)

Navnit Nakra, Chief Revenue Officer (CRO) of Pine Labs, expressed excitement about the launch of Mini. He highlighted that the device prioritizes QR code and card-based payments, catering to the needs of fast-paced Indian consumers and providing a quick payment experience for merchants. Additionally, the device aims to remove cost barriers associated with point of sale digitization.