Thursday, 29 October, 2026
Fintech Surge: Pine Labs Reports Sixfold Profit Jump as Digital Payments Explode
By TechShots Studio
Indian fintech leader Pine Labs reported a consolidated net profit surge of over sixfold to ₹38.57 crore ($4.05 million) in Q2. Operational revenue grew 24% to ₹806.19 crore, driven by a 49% rise in digital payment terminals among mid-market merchants. The surge highlights growing cashless transaction adoption and new monetization potential from proposed UPI merchant fees.