Paul Merchants Collaborates with Mastercard and Pine Labs to Redefine International Travel Payments

2026-07-07 05:53:54 Business

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Mumbai, 13th October 2025: Paul Merchants, one of India's leading diversified financial services companies, marked a historic milestone with the launch of the Paul Merchants Global Currency Card.

The unveiling was led by Mr. Rajneesh Bansal, Managing Director, along with Mr. Ravi Datla, Senior Vice President, Products and Solutions, South Asia at Mastercard and Mr. Navin Chandani, President And Chief Business Officer - Issuing Business, Pine Labs. Also present on the occasion were Mr. Shaibu Cherian, Paul Merchants Finance, Mr. Ritesh Vaid, Paul Merchants Ltd, Mr. Ravi Datla from Mastercard & Mr. Navin Chandani from Pine Labs.

The newly launched Paul Merchants Global Currency Card is designed to redefine international travel experiences by offering nine major global currencies in a single card. Travellers can shop, dine, book experiences, or withdraw cash at ATMs across the world with chip-and-PIN security and 24Ã—7 customer support, eliminating the hassle of carrying currency, multiple cards, or worrying about fluctuating forex rates.

The product is supported by Mastercard's worldwide acceptance network and Pine Labs' advanced payment technology, bringing together global reach and state-of-the-art transaction capabilities to ensure a friction-free experience for every cardholder.

Mr. Rajneesh Bansal, Managing Director, Paul Merchants Finance, shared, "This is a landmark moment in our three-decade journey. The Global Currency Card reflects our commitment to innovation and customer convenience. By carrying nine currencies in one card, travellers can avoid currency, multiple cards or unpredictable forex rates and enjoy a seamless experience worldwide. Our collaboration with Mastercard and Pine Labs enables us to deliver a product that is both cutting-edge and customer-centric."

Mr. Ravi Datla, Senior Vice President, Products and Solutions, South Asia at Mastercard, said, "This collaboration is a smart step forward in simplifying international travel for Indian consumers. Backed by Mastercard's global acceptance, the new card lets travellers carry nine major currencies on a single payment instrument, removing the hassle of multiple cards and unpredictable forex rates. It's a seamless, secure solution that reflects our commitment to combining global reach with everyday relevance."

Mr. Navin Chandani, President And Chief Business Officer - Issuing Business, Pine Labs, said: "Congratulations to the Paul Merchants team for rolling out their Global Currency Card on the sidelines of the Global Fintech Fest (GFF). Powered by Mastercard's worldwide acceptance and the full-stack issuing and acquiring platform of Pine Labs, the cardholders are likely to experience a seamless travel experience."
With this launch, Paul Merchants reinforces its commitment to driving innovation in financial services and empowering travellers with secure, seamless, and globally accepted payment solutions.

About Paul Merchants Ltd.

Paul Merchants Ltd. is a diversified financial services leader with more than three decades of trusted expertise in foreign exchange, international remittance, travel, and lending solutions. Headquartered in Chandigarh and supported by a nationwide network of branches and partners, the company is widely recognized for its leadership in student remittances and overseas travel solutions.

By consistently championing customer-centric innovation and maintaining strict compliance with global regulatory standards, Paul Merchants has built a legacy of reliability and forward thinking. Its portfolio spans Foreign Exchange Services, international money transfers, travel services, and lending products, empowering students, professionals, and leisure travellers to manage their global financial needs with confidence and convenience.

About Pine Labs Limited

Pine Labs Limited is a technology company digitising commerce, through digital payments and issuing solutions in India and across the globe. We have built an advanced technology infrastructure to help accelerate the digitisation journey of merchants, consumer brands, enterprises, and financial institutions. We operate in India and a growing number of international markets including Malaysia, UAE, Singapore, Australia, USA, and Africa.

Our digital payments business represents a one-stop software solution across channels, including online payments designed to deliver secure and smooth online payment experiences to the end user, powered by a tech stack. We also provide integrated affordability solutions for merchants and consumer brands and enterprises, and Fintech infrastructure solutions for financial institutions.

Our issuing business offers a full-stack, end-to-end technology service solution in physical prepaid instruments, gift cards, and sales/ distribution space, with a presence in multiple countries and with brands and customers from the retail, hospitality and airline industries. We offer prepaid instruments primarily in India, Southeast Asia, Australia and the United States and we presently offer Credit+ in India, Africa, and Southeast Asia.