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Pine Labs become India's 1st unicorn in 2020 after Mastercard deal

R Sinduja

News Editor

Pine Labs has become the first unicorn of the country in 2020 after deal with NY based Mastercard. The report says it will take Pine Labs valuation as much as $1.6 billion. Pine Labs will benefit from MasterCard's global presence and has an opportunity to use its presence & technology infrastructure to enhance growth. The American card network major plans to utilise this partnership to deliver more choice to its clientele.