Indian Fintech Pine Labs Appoints PayPal’s Rangarajan as its Head of Engineering

India’s leading payment gateway Pine Labs has appointed Rangaprasad Rangarajan as the Head of Engineering – Online Payments. The company aims to build an offline-to-online strategy with recent US $600 million fundraisings besides developing world-class payment gateway services to help merchants make a winning omnichannel presence.

Commenting on the appointment, B. Amrish Rau, CEO, Pine Labs, said in a press statement that, “Ranga as a technologist comes with a wealth of experience and has a deep understanding of Fintech and Engineering. We are very excited to have him on board and take charge of a promising new vertical. As we enter new markets, expand our product portfolio, and put into action some remarkable upcoming offerings in the online space, Ranga’s knowledge and attention to detail will be invaluable.”

Before joining Pine Labs, Rangaprasad was a Sr. Director at PayPal in the United States and has led four engineering teams, PayPal’s Issuance and Tokenization Platform, PayPal’s Payments Switch platform, PayPal’s Settlement, and Reconciliation Platform.

He was responsible for defining and delivering platform enhancements and engineering solutions ranging from traditional payment cards to mobile wallets and next-generation tokenization capabilities while maintaining/increasing security, convenience, relevance, and scale. He has also worked with companies like Amazon, Hewlett Packard, and JP Morgan Chase.

Rangaprasad Rangarajan, Head of Engineering – Online Payments, Pine Labs, said, “The tech-led disruption the payments industry has witnessed in the last few years and especially post COVID-19 in India is remarkable. These are exciting times, and Pine Labs cemented its leadership position in the offline payments space, which is the place to be. I look forward to sharing my experiences and being a part of the company’s growth story.”

Pine Labs is aggressively expanding its popular tech-driven Buy Now Pay Later proposition to international markets. Recently it acquired Southeast Asia’s leading consumer fintech platform Fave and has a market-leading gift card and stored value solutions provider in Qwikcilver.

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