Dubbed ‘Pine Labs Mini’, the soundbox-enabled device allows merchants to accept both mobile and card payments across the Visa, Mastercard, American Express and RuPay networks
The device has a built-in ‘tap and pay’ feature through which merchants can accept card payments up to INR 5,000
Earlier this month, Pine Labs’ subsidiary Setu launched a UPI-focused payments platform for businesses and developers called UPISetu
Delhi NCR-based fintech startup Pine Labs has teamed up with credit and debit cards major Visa to launch a soundbox-enabled device ‘Pine Labs Mini’, which allows merchants to accept both mobile and card payments across the Visa, Mastercard, American Express and RuPay networks.
The device has a built-in ‘tap and pay’ feature through which merchants can accept card payments up to INR 5,000. Users with NFC-enabled smartphones can also pay through their phones using the tap feature.
The device supports both 4G and 5G network connectivity and offers audio alerts in two languages — Hindi and English.
Pine Labs Mini has been specifically designed to cater to small and medium-sized merchants, helping them tap into the growing consumer adoption of tap-to-pay card (and smartphone) payments and UPI in India, the company said in a statement.
It is pertinent to mention here that earlier this month, Pine Labs’ subsidiary and API infrastructure provider Setu announced the launch of UPISetu, India’s first UPI-focused payments platform for businesses and developers.
(The story will be updated soon)
