Pine Labs has evolved from a point-of-sale hardware provider into a broad fintech platform spanning checkout, consumer finance, gift cards, issuing and banking infrastructure, with more than 11.5 lakh merchants across India, Southeast Asia and the Middle East by Q1 FY27. After years of heavy expansion and losses, the company posted its first full-year consolidated profit in FY26, though its latest quarterly results show the turnaround remains sensitive to business mix and continued investment.
Pine Labs Turns the Corner as Payments Pioneer Builds an AI-Driven Fintech Stack
R
RDU Global Correspondent
BFSI & Fintech Desk
Bengaluru, India 2h ago•5 min read
Pine Labs has evolved from a point-of-sale hardware provider into a broad fintech platform spanning checkout, consumer finance, gift cards, issuing and banking infrastructure, with more than 11.5 lakh merchants across India, Southeast Asia and the Middle East by Q1 FY27. After years of heavy expansion and losses, the company posted its first full-year consolidated profit in FY26, though its latest quarterly results show the turnaround remains sensitive to business mix and continued investment.
Editorial & Verification Notice
Reported by RDU Global Correspondent. Formatted and verified using real-time institutional and journalistic wire feeds. Independent reporting adhering to the RDU Global Editorial Code of Conduct.
Related Coverage
Banking, Fintech & Insurance
18 Oct 2026, 08:00 PM ISTIndia’s Private Capex Cycle Appears to Be Gaining Momentum as Corporate and SME Credit Surges: Jefferies
India’s private investment cycle is showing clearer signs of traction, supported by a robust expansion in bank credit, according to Jefferies. The brokerage said credit growth rose 18.1% year-on-year in mid-September, with corporate lending and loans to micro, small and medium industrial enterprises posting especially strong gains, a combination that points to firmer business confidence and a healthier pipeline for capital expenditure.
Banking, Fintech & Insurance
18 Oct 2026, 08:00 PM ISTJio IPO Grey Market Signals Nearly 20% Pop as Brokerages Back Growth Story
Jio Platforms’ proposed Rs 30,200 crore initial public offering is drawing strong pre-listing interest, with the grey market premium at Rs 221 implying gains of nearly 20% over the issue price. Emkay Global and SBI Securities have pointed to the company’s telecom dominance, earnings momentum, digital expansion and technology edge, while warning that regulation, competition and capital intensity could temper enthusiasm.
Banking, Fintech & Insurance
18 Oct 2026, 08:00 PM ISTIDBI Bank Q2 Profit Falls 39% on Base Effect, but Core Trends Improve
IDBI Bank reported a 39% year-on-year decline in second-quarter net profit to Rs 2,205 crore, weighed down by a one-off gain booked in the same period last year. Excluding that exceptional item, profit rose 14%, while asset quality improved, deposits grew 17% and advances increased 18%, signalling a firmer operating trajectory beneath the headline decline.