pine labs

Since its launch in 2016, Fave has processed over US$1 billion ($1.35 billion) in transactions across Southeast Asia and India.

Pine Labs will launch the Fave payments app in India across a network of 500,000 merchants on its platform.

A potential bid is still at an exploratory stage, as there’s no information available yet on the valuation and finances of Wirecard’s Asian operations, said the people, who asked not to be identified as the information is confidential.