Karnataka Bank partners with Pine Labs Ltd for Point of Sale services

Karnataka Bank, one of India's leading private sector banks, has entered into a strategic partnership with Pine Labs Ltd., a top provider of Point-of-Sale (PoS) solutions. Through this partnership, the Bank aims to strengthen digital payment options for its customers.

Speaking at the launch, Shri Raghavendra S Bhat, MD & CEO, of Karnataka Bank, said: "This partnership aligns with our vision of becoming the "Digital Bank of the Future'. Pine Labs offers user-friendly and reliable PoS solutions that plays a vital role in today's digital payment ecosystem. This collaboration. will enable our Retail and MSME customers to seamlessly access advanced PoS terminals, thereby promoting digital adoption and driving mutual growth."

Shri Raja B S, Chief Operating Officer, added: "Karnataka Bank always works to meet the needs of our valued customers. With this new tie-up, we will be able to offer next--generation digital payment solutions. We encourage our customers to take advantage of this service, which will now be available at all our branches across the country."

The event was attended by General Managers Shri Raghuram H S and Shri Venkateswarulu Mallineni, Senior Executives of Karnataka Bank and Shri Sumit Chopra, Chief Operating Officer, Shri Swapan Ghosh, EVP Bank Alliance and other representatives from Pine Labs.

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 249.95 as compared to the previous close of Rs. 245.60. The total number of shares traded during the day was 113232 in over 1554 trades.

The stock hit an intraday high of Rs. 252.25 and intraday low of 245.65. The net turnover during the day was Rs. 28262850.00.

Source : Equity Bulls

Keywords

TheKarnatakaBank INE614B01018 Partnership PineLabs PointofSaleServices