Pine Labs has secured all three key payment licences from the Reserve Bank of India (RBI), enabling the company to operate across the complete spectrum of digital payment services in the country.
The company has received approvals to operate as a payment aggregator, payment gateway, and cross-border payments operator, giving it the regulatory green light to process both online and offline transactions. With these licences, Pine Labs can handle domestic and international payments, oversee settlements, and further expand its merchant reach across multiple sectors.
Pine Labs, which began as a card-based point-of-sale provider, has evolved into a diversified payments and merchant commerce platform offering digital payments, credit solutions, and prepaid gift cards. Today, the company serves more than 500,000 merchants across India, Southeast Asia, and the Middle East through its PoS devices and online payment tools.
The regulatory approvals position the company to unify its payment processing stack and strengthen its role in India’s fast-growing digital payments industry, projected to exceed $300 billion by 2030.
The update comes shortly after Pine Labs’ IPO, which was open for subscription from November 7 to 11 with a price band of Rs 210–Rs 221 per share and a minimum investment size of Rs 14,070. The issue was subscribed 2.46 times, reflecting moderate interest from retail investors. Ahead of the IPO, Pine Labs raised Rs 1,754 crore from anchor investors.
Financially, the company has turned a corner, reporting a net profit of Rs 4.7 crore on Rs 616 crore revenue in Q1 FY26, marking a shift toward profitability as it scales its payments and merchant commerce offerings.
Send news announcements/press releases to:
info@b2bmarketmedia.com
