For safety of merchants and consumers, RBI had issued a framework in March 2020, making it mandatory for payment gateways to have a licence to acquire merchants and provide them with digital solutions
The future will see data, identity, consumer information made available in a frictionless manner, and Setu has done tremendous amount of work in this area, says B Amrish Rau, CEO at Pine Labs.
The funding by India's largest lender comes after the IPO-bound startup raised $700 million in 2021.
“The quality of your product will always be the best indicator of the company. As long as the quality is great, the product will sell easily.”
Last year, despite the pandemic ravaging Indian economy, there was one silver lining: India saw the rise of 11 new unicorns. Here is a list.
Funds will help Pine Labs as it ramps up its regional expansion
