Pine Labs and Stripe Integrate Online and Physical Payments in Singapore
Pine Labs has partnered with Stripe to launch a unified payment solution for Singaporean retailers, merging digital and in-store transaction processing.
Fintech firm Pine Labs is collaborating with global payments provider Stripe to offer a consolidated platform for Singapore-based merchants. The initiative enables retailers to manage online transactions through Stripe alongside in-store card payments processed via Pine Labs terminals.
The integration is designed to address the operational inefficiencies associated with managing disparate payment systems. By centralizing reporting and reconciliation, retailers can streamline their back-office processes. The service also integrates Pine Labs' value-added services, including installment plans, loyalty points, and merchant-funded promotions.
This partnership marks a significant step in Pine Labs’ strategy to scale its merchant commerce business internationally. Having recently listed on the Indian stock exchanges, Pine Labs serves over 11.6 lakh merchants globally. The company plans to expand this integrated offering to other Southeast Asian markets by 2027.