SBI invests $20 mn in payment solutions provider Pine Labs – State Bank of India (SBI) has invested $20 million (around ₹150 crores) in payment solutions provider Pine Labs. Pine Labs has planned to invest the new funds in scaling Plural, its newly launched brand of online payment products.
- Pine Labs will aim to make an omnichannel partner of choice for merchants.
- Prior to this, Pine Labs raised a total of $600 million from US-based asset management firm Fidelity, Blackrock and others in 2021.
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