Pine Labs launches new credit issuing stack for businesses

Digital payments infrastructure provider Pine Labs said it has launched a new credit issuance platform called Credit+, targeting banks, fintechs and large merchants.

The new platform from Pine Labs, which is diversifying operations from offline payments, will help fintechs and banks manage credit programmes, launch co-branded credit cards and in rewards and loyalty management. It will also provide online merchants the ability to provide embedded credit offerings to users.