Aiming for $25 bn annual payments processed on Plural: Pine Labs CEO

Company says it now plans to disrupt the payments space through a suite of online payment products focused on speed, security, and user experience

Pine Labs, a leading merchant commerce platform, is targeting $25 billion annual payment volumes processed on its online payments platform Plural in the next 18 months. The firm launched Plural on Thursday, marking its entry into the online payments space.

“We intend to get to about $20-25 billion of annual (payment) volume processed on our (Plural)  platform,” B Amrish Rau, CEO, Pine Labs, said in an interview. “That's the expectation in the next 18 months.”

Backed by years of strong technological capabilities, the company said it now aims to reinvent the space through a suite of online payment products focused on speed,