Mastercard completed the acquisition of a stake in Pine Labs.

Mastercard, a provider of payment processing services, completed the acquisition of a stake Pine Labs, a merchant commerce platform. Financial terms were not disclosed. “This relationship is a great validation of the top-quality products that Pine Labs delivers to merchants. Together, we have a unique opportunity to use Mastercard’s global presence and technology infrastructure to enhance our growth and enable us to meet the growing needs of customers in India and beyond,” Lokvir Kapoor, Pine Labs Founder and Chairman.