Gift card startup Qwikcilver Solutions completes merger with Pine Labs

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Merger & Acquisition

  • ByStartup Story | September 24, 2022

pine labsan omnichannel merchant commerce platform, announced on Friday the completion of its merger with Qwikcilver Solutions, combined into a single legal company, Pine Labs Private Limited.

Qwikcilver provides an integrated digital platform and solution for prepaid, stored value and gift cards. It supports global airlines, e-commerce platforms, POS, large enterprises, hotels, and healthcare.

Existing Qwikcilver products, solutions, platforms and programs will continue to operate without interruption for users. Additionally, Pine Labs will continue to offer all prepaid payment instruments (PPIs) co-branded under Qwikcilver under the same brand name.

Gift card startup Qwikcilver Solutions completes merger with Pine Labs

“Qwikcilver and Pine Labs have established strong business synergies following the 2019 acquisition. The formal merger will strengthen the association 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. said Kumar Sudarshan, president of Pine Labs.

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