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NEW DELHI, October 17, 2018 /PRNewswire/ —

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This Diwali season, Pine Labs, a merchant belvedere company, is enabling equated account instalments (EMIs) on debit card-based offline affairs from HDFC Bank and Axis Bank. This is the aboriginal time that 25 actor non-credit agenda barter will be able to instantly catechumen their in-store acquirement into accessible account instalments. Debit agenda EMIs accept been enabled at over 36,000 food beyond 1,500 cities in India for electronics and customer durables.

     (Logo: https://mma.prnewswire.com/media/770560/Pine_Labs_Logo.jpg )

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In accession to the aloft two banks, the aggregation is in talks with added top banks to aggrandize this account to added and added barter who bash at Pine Labs’ merchant network.

Kush Mehra, President, Pine Labs, said, “Making arcade affordable for anybody has consistently been our focus. Extending EMI ability to debit agenda holders will not alone advice consumers but additionally aggrandize the ability of our merchants and our cast partners.”

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“At HDFC, we strive to not aloof be a activity aeon cast but additionally a affairs cast that understands the needs and aspirations of our barter and provides them an befalling to fulfil them. EMI on debit cards is one such opportunity. Our affiliation with Pine Labs is absolutely a d banker as it will now action barter a hassle-free and burning way to account credit,” said Parag Rao, Country Head – Agenda Payment Products, Merchant Acquiring Casework & Marketing, HDFC Bank.

Sanjeev Moghe, EVP & Head – Cards & Merchant Acquiring Business, Axis Bank, added, “Affordability will be a key aspect this accessible blithe season. As the blithe affairs commences, enablement of debit agenda EMI advantage on Pine Labs’ terminals will accomplish arcade added affordable for a ample accumulation of barter who don’t accept acclaim cards.”

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Debit agenda EMI casework are accessible for a called accumulation of barter who are pre-approved by accomplice banks.

About Pine Labs 

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Pine Labs is congenital in Singapore and has its better operations in India. It is a merchant belvedere aggregation that provides costs and last-mile retail transaction technology. Pine Labs’ offerings are currently acclimated by over 1,00,000 merchants in 3,700 cities and towns beyond India and Malaysia. Its investors accommodate Sequoia Capital, PayPal, Temasek, Actis Capital and Altimeter Capital. To apperceive more, amuse appointment http://www.pinelabs.com

Media Contact:Gurman Gillgurman.gill@pinelabs.com 91-9818269494Manager – MarketingPine Labs Pvt. Ltd.

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SOURCE Pine Labs Private Limited

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