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Pine Labs now requires upfront payment for 25-30% of PoS terminal deployments, shifting from leased hardware. CEO Amrish Rau expects Apple Pay to enter India before year-end, boosting credit card transactions. The issuing platform generates Rs 100 crore annually, with 15,000 Bharat Yatra cards distributed monthly.
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Summary by ByteBrief
India moves to give UPI a business model