Pine Labs, one of the largest companies engaged in deployment of POS (Point of Sale) solutions in retail industry in India has raised $125 million from Temasek and Paypal. Temasek is a global investment company headquartered in Singapore. PayPal is the largest digital payments company in the United States.
Pine Labs plans to scale in multiple SEA (South East Asian) countries with the help of Temasek. PayPal will help Pine Labs strengthen its technology solutions.