Pine Labs Launches Stablecoin Payments

Introduction to Pine Labs. Pine Labs will launch a stablecoin-backed prepaid card across nine countries in the Middle East, Africa, and Southeast Asia by the end of April. The fintech firm's chief executive, Amrish Rau, told Reuters that the launch marks the first attempt by an Indian payments major to tap the fast-growing market. ## Launch Details. The Temasek and Peak XV-backed company aims to launch in countries that have a stablecoin-friendly stance. The exact countries for the launch have not been specified.

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This article was researched and compiled by the PulseAfrica editorial team using information from international news sources including Reuters, BBC Africa, Al Jazeera, AFP, and local African media outlets. PulseAfrica is committed to accurate, balanced and independent journalism covering all 54 African nations in three languages.