A digital payment acceptance platform for merchants Pine Labs, on Monday, announced the launch of its QR and card acceptance device Mini, focusing on SME merchants. The device is "expected to be available at nearly one-third the cost of the regular Point of Sale (POS) terminal. In a release, Pine Labs said that while most existing PoS devices in India are tailored for debit and credit card customers, the Mini device is a "QR-first and card-tap contactless payments device". Navnit Nakra, CRO, Pine Labs, said, "QR-based and card-tap payments are a perfect solution for Indian consumers on the go. On the merchant side, an absolute must is a fast checkout experience and the elimination of the cost barrier in point-of-sale digitization. Attaining these needs, we are delighted to launch a QR-first, card-accepting, cost-effective PoS solution called Pine Labs Mini."