Pine Labs brings next-gen Credit Issuing Platform, Credit+
By Gloria Mathias
Pine Labs has launched Credit+, its latest offering, a next-gen tech platform for credit and issuer processing seeking to revolutionise the credit space in India.
There is technological developement happening in every part of the credit value chain, from the inception of a credit instrument to the way credit is underwritten and distributed, to even the form factor in which credit is utilised.
Credit program launches, especially those including forms of revolver credit, are complex and often require many months of negotiation across multiple parties, making each card or credit product launch a complex endeavour.
Credit+ claims to seamlessly deliver on all these needs. It seeks to be the platform of choice for banks, brands, and FinTechs in delivering their credit offerings. This foray into credit builds on its market leadership in both prepaid and gift cards (Qwikcilver) and embedded financial services (Setu).
A few highlights of the platform include; Expert program management, Robust tech stack, Modern, API-first, embedded credit experiences, Flexible Rewards, Multiple form factors, support for multiple use cases, Network-agnostic, Acquirer processing capabilities,
This launch of Credit+ sets the foundation for processing services for over 90 million cards across customers in 20+ countries in South and Southeast Asia, the Middle East, and Africa.
Credit+ is Mastercard and Visa certified, with Amex, RuPay, and other domestic schemes in the pipeline. In addition to issuing processing, the platform will also be acquiring processing ready, with robust terminal, merchant, and lifecycle management modules, as well as support for both online and offline transaction processing across POS, MPOS, and eComm.
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