Pine Labs Launches Stablecoin Payments
Pine Labs to launch stablecoin-backed prepaid card. The card will be available in 9 countries.
Nadia Okonkwo
Tech & Business Reporter
Introduction to Pine Labs
Pine Labs, a fintech firm backed by Temasek and Peak XV, is set to launch a stablecoin-backed prepaid card across nine countries in the Middle East, Africa, and Southeast Asia by the end of April.
Expansion Plans
The company aims to launch in countries that have a stablecoin-friendly stance, according to its CEO, Amrish Rau. The launch marks the first attempt by an Indian payments major to tap the fast-growing market.
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SOURCES & REFERENCES
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.
