AIMediaNamaabout 1 hour ago
Pine Labs Unlocks Rs 80-230 Cr Revenue
5 min read
Pine Labs CEO Amrish Rau confirms the National Payments Corporation of India's 0.4% merchant discount rate on UPI transactions above Rs 2,000 could unlock Rs 80-230 crore annual revenue. The company plans to deploy 10 lakh soundboxes to capture lost merchant transactions, shifting from hardware rentals to transaction fees as merchants cannot afford both costs.
Level
Hype check
Tap to vote and see what everyone thinks.
