Gift card startup Qwikcilver Solutions completes merger with Pine Labs


Pine Labs, a merchant commerce omnichannel platform, announced the conclusion of its merger with Qwikcilver Solutions on Friday, consolidated into a single legal company, Pine Labs Private Limited.

Qwikcilver provides an integrated digital platform and solution for prepaid, stored value, and gift cards. It supports worldwide airlines, e-commerce platforms, retail locations, huge corporations, hotels, and healthcare.

Existing Qwikcilver products, solutions, platforms, and programs will continue to function without interruption to users. Moreover, Pine Labs will continue to offer all cobranded prepaid payment instruments (PPIs) under Qwikcilver under the same brand name.

Gift card startup Qwikcilver Solutions completes merger with Pine Labs

“Qwikcilver and Pine Labs have established strong business synergies post the 2019 acquisition. The formal merger will strengthen the association and bring innovation and growth to our issuing business in India and our focused international markets. We will continue with our industry-leading solutions on prepaid issuing for enterprises, including gift cards, rewards, incentives, and several other stored value programs.” said Kumar Sudarshan, President of Pine Labs.

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