Pine Labs has announced the appointment of Rangaprasad Rangarajan as the Head of Engineering - Online Payments. With its recent fund raise of USD 600M, Pine Labs is now focused on building a robust offline to online strategy. The company is developing world-class payment gateway services to help merchants build a winning omnichannel presence.
Commenting on the appointment, B. Amrish Rau, CEO, Pine Labs, said, “Ranga as a technologist comes with a wealth of experience and has deep understanding of Fintech and Engineering. We are very excited to have him on board and take charge of a promising new vertical within the company. As we enter new markets, expand our product portfolio, and put into action some remarkable upcoming offerings in the online space, Ranga’s knowledge and attention to detail will be invaluable.”
Prior to joining Pine Labs, Rangaprasad was a Sr. Director - Payouts at PayPal where he led four Engineering teams at PayPal United States: Global Payouts Engineering team, PayPal's Issuance and Tokenization Platform, PayPal's Payments Switch platform, PayPal’s Settlement and Reconciliation Platform. He was responsible for defining and delivering platform enhancements and engineering solutions ranging from traditional payment cards to mobile wallets and next-generation tokenization capabilities, while maintaining/increasing security, convenience, relevance, and scale. He has also worked with companies like Amazon, Hewlett Packard, and JP Morgan Chase.
Rangaprasad Rangarajan, Head of Engineering – Online Payments, Pine Labs, said, “The tech-led disruption which the payments industry has witnessed in the last few years and especially post COVID-19 in India is remarkable. These are exciting times and Pine Labs having cemented its leadership position in the offline payments space is the place to be. I look forward to sharing my experiences and being a part of the company’s growth story.”
Pine Labs is aggressively expanding its popular tech-driven Buy Now Pay Later proposition to international markets, recently acquired Southeast Asia’s leading consumer fintech platform Fave, and has a market-leading gift card and stored value solutions provider in Qwikcilver.