#pine labs

https://img.etimg.com/thumb/msid-127699360,width-1200,height-630,imgsize-24818,overlay-etmarkets/articleshow.jpg Payment solutions company Pine Labs posted a consolidated net profit of Rs 42 crore in the December-ended quarter versus a loss of Rs 57 crore in the year-ago period. The revenue from operations stood at Rs 744 crore in Q3FY26, rising 24% over Rs 602 crore in the corresponding quarter…

https://img.etimg.com/thumb/msid-125881032,width-1200,height-630,imgsize-24818,overlay-etmarkets/articleshow.jpg Shares of Pine Labs are likely to attract investor attention heading into trade on Wednesday, December 10, after its API-driven platform Setu announced what it calls India’s first “agentic” bill-payments experience, a tool aimed at easing the routine friction consumers face while…

Pine Labs, a leading merchant commerce platform, said it has appointed Vijayalakshmi Swaminathan as the company’s new chief people officer. She joins Pine Labs from Amazon India where she was heading the Human Resources function.

Prior to Amazon India, Swaminathan was one of the founding Partners at CoCoon Consulting, a cross-sectoral boutique HR consulting firm with expertise in solutions for organisational and leadership transformation and growth. CoCoon, over the last 20 years, has worked with organisations across Asia, Europe, and Latin America. She has also worked with FMCG major Unilever where, in her last role, she was responsible for bolstering the company’s employer brand.

“Our people are our Strength. A high-performance workforce will accelerate the progress we have made in recent years. I will also mince no words to say that we want to be seen as the ‘Employer of Choice’ for talented individuals out there who want to join Pine Labs, a company that gives an opportunity to innovate and excel,” said B Amrish Rau, CEO, Pine Labs. “I am so thrilled to welcome Viji Swaminathan as our next HR head. I am sure her immense experience will add that spark into our HR function and help us attain newer heights in the future.”

Pine Labs celebrates entrepreneurial spirit with a new brand identity

Merchant commerce platform Pine Labs has unveiled a new brand identity. Revamped brand assets include the company’s new purpose statement and a new visual identity for the brand. As per the company, the new look is dedicated to the spirit of the entrepreneur community. Today’s merchants are constantly moving forward, Jerry Williams, vice president, marketing, said, “We salute their…

Google Pay in collaboration with Pine Labs on Wednesday announced the launch of Tap to Pay for UPI - a functionality that aims to bring the seamless convenience of Tap to Pay to UPI.

So far, Tap to Pay was only available for cards.

To complete a payment, all a user will need to do is tap their phone on the POS terminal and authenticate the payment from their phone, using their UPI PIN, making the process virtually instantaneous, as compared to scanning a QR code, or entering the UPI-linked mobile number.

"Fintech growth in India is writing the playbook for the world, first with enabling real time payments with UPI, and further, by innovating with flows that make the transaction time virtually zero. Tap to Pay for UPI has profound implications for high traffic retail outlets, with queue management hassles poised to be greatly reduced, and taking digital payments at POS well beyond cards," Sajith Sivanandan, Business Head - Google Pay and Next Billion User initiatives, Google PAC said in a statement.

The functionality will be available to any UPI user who wants to use their NFC-enabled Android smartphone to transact using any Pine Labs Android POS terminal across the country. This was piloted with Reliance Retail and will now be available at other large merchants such as Future Retail and Starbucks.

Google Pay in collaboration with Pine Labs on Wednesday announced the launch of Tap to Pay for UPI - a functionality that aims to bring the seamless convenience of Tap to Pay to UPI.

So far, Tap to Pay was only available for cards.

To complete a payment, all a user will need to do is tap their phone on the POS terminal and authenticate the payment from their phone, using their UPI PIN, making the process virtually instantaneous, as compared to scanning a QR code, or entering the UPI-linked mobile number.

"Fintech growth in India is writing the playbook for the world, first with enabling real time payments with UPI, and further, by innovating with flows that make the transaction time virtually zero. Tap to Pay for UPI has profound implications for high traffic retail outlets, with queue management hassles poised to be greatly reduced, and taking digital payments at POS well beyond cards," Sajith Sivanandan, Business Head - Google Pay and Next Billion User initiatives, Google PAC said in a statement.

Fintech company Pine Labs said on Friday that it has raised $150 million from Alpha Wave Global, bringing its total fundraise in the last seven months to around $870 million. The company declined to reveal the valuation at which it has raised the money.

However, an ET report said that the funding round was done at a valuation of more than $5 billion. The company said earlier that it plans to go for an IPO this year or early next year.

“Alpha Wave Venture has invested $150 million in Pine Labs. We are happy to bring a marquee investor on board. Our omni-channel strategy is showing strong revenue growth. We are also seeing strong growth in international markets,” said Pine Labs CEO Amrish Rau.