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Thursday, December 8, 2022

Gift card platform Qwikcilver Solutions completes merger with Pine Labs

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Merchant commerce omnichannel platform Pine Labs on Friday announced the completion of the merger of Qwikcilver Solutions, leading to the consolidation into a single legal entity – Pine Labs Private Limited.
The existing products, solutions, platforms, and programs from Qwikcilver will continue to operate without impacting users. Further, all cobranded prepaid payment instruments (PPIs) under Qwikcilver will continue to be issued by Pine Labs under the same brand name.

“Qwikcilver and Pine Labs have established strong business synergies post the 2019 acquisition. The formal merger will strengthen the association and bring innovation and growth to our issuing business in India and our focused international markets. We will continue with our industry-leading solutions on prepaid issuing for enterprises, including gift card, rewards, incentives, and several other stored value programs.”

Brand Qwikcilver offers a fully integrated digital platform and solution for issuing, accepting, and distributing prepaid, stored value, and gift cards. It serves leading global airlines, e-commerce platforms, retail establishments, large corporates, hospitality, and healthcare industry, to name a few.

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