Mastercard has invested in Pine Labs, one of Asia’s leading merchant commerce platforms.

The collaboration will deliver an extensive range of card and real-time payments-based instalment financing at checkout – in-store and online, according to the release.

IndusLaw acted for Pine Labs and the team was led by Partner Avimukt Dar along with Principal Associate Harman Walia, Senior Associate Nikita Goyal and Associates Aadhya R Chauhan and Jaskiran Kaur.

The team which negotiated the business collaboration agreements was led by Principal Associate Shreya Suri and included Associates Nilima Pant and Ekta Yadav.

Mastercard was represented by Dechert LLP.

Khaitan & Co represented existing investor, Temasek (MacRitchie Investments Pte. Ltd.) in relation to the investment made by MasterCard in Pine Labs Pte. Ltd.

The deal team that acted on this matter included Partner Vineet Shingal, Senior Associate Shreya Dua and Associate Tanvi Arora.