India, Feb. 2 -- For much of its two-decade journey, Pine Labs was viewed, and often valued, as a premium point-of-sale hardware and payments company.

But in the run-up to its IPO, the company worked hard to reposition itself as a full-stack fintech platform, spanning issuing, acquiring, crossborder payments, affordability, loyalty and merchant software. This is a key transformative phase for Pine Labs, one that positions the company for the future.

It became the first of its kind in the country to secure all three key payments licenses from RBI in November last year, in time for the IPO and now with its Q3 FY26 results, Pine Labs is demonstrating how it is transitioning to its new avatar.

The overall operating revenue grew 23% YoY to ...