Pine Labs Limited, originally incorporated as Pine Labs Private Limited in 1998, is a leading technology company headquartered in New Delhi, India, specializing in digitizing commerce. The company transitioned into a public limited entity in June 2025. It operates across markets such as India, Malaysia, UAE, Singapore, Australia, the U.S., and Africa, focusing on digital payments, merchant solutions, and issuance services.
Pine Labs’ business offerings are split into two key verticals: the "Digital Infrastructure and Transaction Platform" and the "Issuing and Acquiring Platform." The Digital Infrastructure and Transaction Platform enables merchants to accept payments for in-store and online purchases while simplifying checkouts across various payment forms. The Issuing and Acquiring Platform facilitates financial institutions in providing credit, debit, prepaid, and forex cards, along with merchant acquiring solutions.
The company has an extensive history of innovation and growth. Notable milestones include the launch of its payment solution "Plutus" in 2005, the introduction of PayLater services in 2013, and the development of PinePerks in 2014. Pine Labs expanded internationally to Malaysia in 2017 and has since acquired businesses like Qwikcilver, Fave, QFix, Mosambee, Setu, and Credit+ between 2019 and 2023. Key developments also include the 2025 merger with Pine Labs Singapore, approved by the National Company Law Tribunal, facilitating global scaling of its operations.
Currently, Pine Labs is preparing for an initial public offering (IPO) to raise ₹2,600 crore through a fresh equity issue and the sale of 147.8 million shares via an offer for sale. This IPO signals growth ambitions, further strengthening its position as a premier digital payment technology provider.
