fintech / news / / CNBC TV18
Pine Labs has acquired Shopflo to enhance checkout capabilities and build a unified commerce platform.
Pine Labs has acquired Shopflo to enhance its online checkout optimisation capabilities.
KEY POINTS
- Shopflo reports that merchants using its platform see 15–20% conversion rate improvements.
- Pine Labs’ online payments revenue has grown about 50% year-on-year across multiple sectors.
- The acquisition aims to create a unified platform combining payment processing and customer experience tools.
- This move reflects an industry shift toward optimizing the entire transaction journey, not just payments.
COMPANIES
Summarized by Newsio from CNBC TV18. How we summarize →