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