pine labs: gift card platform Qwiksilver Solutions completes its merger with Pine Labs

Omnichannel commerce platform pine labs announced on Friday the completion of the merger of Qwiksilver Solutionsleading to consolidation into a single legal entity – Pine Labs Private Limited.

The existing products, solutions, platforms and programs of Qwiksilver will continue to operate with no impact on users. Additionally, all co-branded prepaid payment instrument (PPI) under Qwiksilver will continue to be issued by Pine Labs under the same brand name.

“Qwiksilver and Pine Labs have established strong business synergies following the acquisition in 2019. formal merger will strengthen the partnership and bring innovation and growth to our issuance business in India and our targeted international markets. We will continue our leading solutions on prepaid issuance for businesses, including gift cards, rewards, incentives and several other stored value programs.

The Qwiksilver brand offers a fully integrated digital platform and solution for the issuance, acceptance and distribution of prepaid, stored value and gift cards. It serves major global airlines, e-commerce platforms, retail establishments, large enterprises, hospitality, and the healthcare industry, to name a few.

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