pine labs: the Qwikcilver Solutions gift card platform completes its merger with Pine Labs

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Omnichannel merchant commerce 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.

Qwikcilver’s existing products, solutions, platforms and programs will continue to operate with no impact on users. Additionally, all prepaid payment instruments (PPIs) co-branded under Qwikcilver will continue to be issued by Pine Labs under the same brand name.

“Qwikcilver and Pine Labs have established strong business synergies following the acquisition in 2019. 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.

The Qwikcilver brand offers a fully integrated digital platform and solution for the issuance, acceptance and distribution of prepaid, stored value and gift cards. It serves major global airlines, e-commerce platforms, retail establishments, large enterprises, hospitality, and the healthcare industry, to name a few.

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