India, Sept. 25 -- In 1998, the newly incorporated Pine Labs was helping petrol pumps accept payments and manage loyalty programmes. Nearly three decades later, Pine Labs is a listed company that has expanded well beyond payments into online checkout, consumer financing, gift cards, card issuing and banking infrastructure

By Q1 FY27, the fintech was serving 11.5 Lakh+ merchants, alongside brands and financial institutions, across India, Southeast Asia and the Middle East. A string of acquisitions helped Pine Labs build out this expanding fintech stack.

While Qwikcilver added gift cards, Fave brought consumer rewards, Mosambee strengthened merchant acceptance, and Qfix and Shopflo expanded online payments and checkout. Similarly, Setu ad...