Pine Labs Receives Payment Licences from RBI

Fintech leader Pine Labs has successfully acquired all three payment licences from the Reserve Bank of India (RBI). This development enables the company to function across a wide range of digital payment services in India. As reported by ET, the company has obtained authorisations for payment aggregator, payment gateway, and cross-border payments, facilitating both offline and online merchant transactions. With these licences, Pine Labs is now equipped to handle domestic and international payments, oversee settlements, and broaden its merchant network across various sectors.

Pine Labs began its journey as a provider of card-based payment solutions before expanding into digital payments, merchant credit, and prepaid gift cards. Today, the firm caters to over 500,000 merchants throughout India, Southeast Asia, and the Middle East through its point-of-sale (PoS) terminals and online payment platforms.

The recently acquired licences will empower Pine Labs to merge its payment processing services, provide comprehensive merchant solutions, and engage actively in India’s rapidly evolving digital payments landscape, which is projected to exceed $300 billion by 2030.

Pine Labs initiated its IPO subscription from November 7 to 11, setting a price range of Rs 210–221 per share and a minimum investment threshold of Rs 14,070. However, the IPO experienced modest demand from retail investors, achieving only 2.46 times subscription.

Prior to its initial public offering (IPO), Pine Labs successfully raised Rs 1,754 crore from anchor investors. In Q1 FY26, the company reported profitability, achieving a net income of Rs 4.7 crore on a total revenue of Rs 616 crore.