Amrish Rau has left his position as head of financial technology ecosystem partnerships and investments at India-based payment technology provider PayU to join commerce services provider Pine Labs as chief executive.
Rau joined PayU in 2016 when it acquired a company co-founded, Citrus Pay, for $150m. He then became CEO of PayU, a subsidiary of e-commerce and media group Naspers, before taking on the investment role out of Singapore in January 2019.
Prior to Citrus Pay, Rau had been CEO of First Data’s merchant solutions division, covering its retail electronic payment services business in Asia.
Pine Labs began life offering payment technology for brick-and-mortar retail before expanding into areas like consumer credit, loyalty systems and data analytics. Payment services firm Mastercard invested an undisclosed amount in the company in January this year.
Rau said in a statement yesterday: “Pine Labs is an amazing platform which converges everything from everyday payments, to credit and gift cards. Deep domain knowledge and innovative products designs have helped Pine Labs lead the market.
“Using cloud technologies, Pine Labs wants to be all things commerce for merchants, help them save time and operate businesses efficiently. I feel excited to be part of the journey.”
