Pine Labs 2.0, Pronto Shifts To Bengaluru & More

Pine Labs Moves Beyond The Swipe Machine

Timing, they say, is everything. Just 24 hours after the subscription window for its INR 3,900 Cr IPO closed, Pine Labs revealed it had secured the trifecta of payment aggregator, gateway, and cross-border licenses from the RBI. The market responded with a 14% pop on the listing day. But as the dust settles, can this regulatory edge translate into profits in a crowded market?

Pine Labs 2.0: Founded nearly three decades ago, Pine Labs has quietly morphed…