With its recent fundraise of $600 million, the firm is now focused on building a robust offline to online strategy, and is developing world-class payment gateway services to help merchants build a winning omni channel presence.
“Ranga as a technologist comes with a wealth of experience and has a deep understanding of
and engineering. As we enter new markets, expand our product portfolio, and put into action some remarkable upcoming offerings in the online space, his knowledge and attention to detail will be invaluable,” said B Amrish Rau, CEO, Pine Labs.
In his previous stint, Rangaprasad was a senior director of payouts at PayPal where he led four engineering teams at PayPal United States: global payouts engineering team, PayPal’s issuance and tokenisation platform, PayPal’s payments switch platform, PayPal’s settlement and reconciliation platform. He was responsible for defining and delivering platform enhancements and engineering solutions ranging from traditional payment cards to mobile wallets and next-generation tokenisation capabilities, while maintaining/increasing security, convenience, relevance, and scale. He has also worked with companies like Amazon, Hewlett Packard, and JP Morgan Chase.
“The tech-led disruption which the payments industry has witnessed in the last few years and especially post Covid-19 in India is remarkable. These are exciting times and Pine Labs having cemented its leadership position in the offline payments space is the place to be,” said Rangarajan.
Incorporated in Singapore, Pine Labs’ key investors include Sequoia India, Actis Capital, Temasek, PayPal and Mastercard.