Vodafone ex-CEO Arun Sarin, Visa's Vicky Bindra join Pine Labs' board

Payments gateway company Pine Labs Pvt. Ltd has appointed former Vodafone Group Plc CEO Arun Sarin and Visa global head of commercial business Vicky Bindra as members of its board.

Sarin will join the board in an advisory position, the company said in a statement.

Sarin led Vodafone between 2003 and 2008. Most recently, he joined the board of caller ID app Truecaller. He is also on the boards of Ola Cabs, Cisco Systems, Accenture, Charles Schwab & Co and Blackhawk Networks.

Bindra brings with him expertise of the payments industry. Prior to Visa, he headed the Asia Pacific and global accounts at MasterCard Worldwide.

"Pine Labs' loyalty and instalments at POS (points of sale) in India is of significant value to the merchant, consumer and issuer. It is now poised to take this internationally," said Bindra.

Founded in 1998 by Rajul Garg, Pine Labs provides payment and loyalty solutions to retailers. The Sequoia Capital-backed firm is led by CEO Lokvir Kapoor. Last year, it began operations in Southeast Asia.

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