Pine Labs eyes $4-5 billion in monthly payments volume from new business

At that point, online payments should contribute 20% of revenue, Pine Labs chief executive Amrish Rau said, disclosing the company's targets for the first time since it entered online payments. Valued at $5 billion and with investors including Mastercard and Singapore's Temasek, Pine Labs has for years provided point-of-sale machines to offline merchants for card payments.

from Banking/Finance-Industry-Economic Times https://ift.tt/l40yCq8