India, Nov. 12 -- IPO-bound fintech major Pine Labs has secured all three key payment licences from the Reserve Bank of India (RBI), allowing it to operate across the full range of digital payment services in the country.

As per an ET report, the company has received approvals for payment aggregator, payment gateway, and cross-border payment operations from the RBI.

For context, a payment aggregator license allows a company to collect payments from customers on behalf of merchants. With a payment gateway license, fintechs can provide tech platforms to other companies to facilitate payments.

Meanwhile, cross-border payment licenses help businesses to facilitate international inward or outward remittances for their customers.

These lice...