Pine Labs Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Under the contracts executed with respective OMCs, Pine Labs will be entrusted with deploying, managing, and maintaining the digital payments infrastructure at petrol pumps and merchant outlets across India.

These are multi-year contracts aimed at leveraging the expertise of Pine Labs in managing the payment rails for swifter, secure, seamless money movements at the point of sale.

These will collectively cumulate to nearly 130,000 digital payments acceptance devices to be instantly deployed and maintained pan India.

For IOCL specifically, Pine Labs will also be managing their loyalty rewards platform called XTRAPOWER, in popular use by lakhs of fleet operators in India.

The program built on robust API integrations caters to fuel management, fleet analytics, trip management, secure Chip and PIN digital payment transactions including card, mobile, and RFID payments.

B Amrish Rau, CEO, Pine Labs, said: ?By combining our tech prowess with the massive retail footprints of top OMCs in India, we are enabling a tech-first and robust payments infra and a world-class prepaid loyalty rewards ecosystem.

Software-first approach of Pine Labs will ensure faster product feature rollouts, minimal on-site intervention, and a unified payments and rewards/loyalty platform for accelerated digitisation of fuel retail commerce in India.

Pine Labs is a technology company focused on digitizing commerce through digital payments and issuing solutions for merchants, consumer brands and enterprises, and financial institutions.

The company reported net profit of Rs 42.39 crore in Q3 FY26 compared with net loss of Rs 56.67 crore in Q3 FY25. Net sales jumped 23.7% YoY to Rs 744.27 crore in the quarter ended 31st December 2025.

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The company will embed OpenAI APIs models into the core of a global merchant ecosystem.

This transition shift represents a fundamental evolution from the deterministic if/then logic that has defined fintech for years. By embedding OpenAI?s intelligence into the core of its stack, Pine Labs is engineering a Reasoning Layer for commerce, transforming its infrastructure into a dynamic system capable of understanding context and weighing probabilities, all while operating within a secure, compliant framework designed for high-stakes financial environments.

Users will no longer just search for products; they will delegate entire financial lifecycles to intelligent agents within a single dialogue. In this architecture, an agent can autonomously navigate complex tasks?such as negotiating supplier terms, optimizing cross-border settlement cycles, or managing recurring payments? within pre-defined user guardrails. OpenAI provides the critical decision-making intelligence, while while Pine Labs? payment rails will function as the regulated execution layer.

This intelligence is deployed within the company?s enterprise-grade security and compliance architecture. The company also plans to open this agentic stack to its developer ecosystem, providing the tools for third-party innovators to build next-generation, AI-native fintech applications on a trusted foundation.

B Amrish Rau, CEO, Pine Labs, said, ?For decades, commerce has been built on passive systems that simply follow instructions, At Pine Labs, we are moving beyond that era to build an active, intelligent layer for business. Our work with OpenAI ensures that our infrastructure is no longer just a participant in a trade, but a driver of efficiency and growth. We are building the first agentic stack for the next generation of the global economy.?

Oliver Jay, managing director, International, OpenAI, said, ?The next phase of AI is about moving from information to action, by combining our advanced reasoning capabilities with Pine Labs? deep merchant infrastructure, we are helping to create a powerful engine for innovation that turns complex financial workflows into seamless, agentic experiences at scale.?

Pine Labs is a technology company focused on digitizing commerce through digital payments and issuing solutions for merchants, consumer brands and enterprises, and financial institutions.

The company reported net profit of Rs 42.39 crore in Q3 FY26 comapred with net loss of Rs 56.67 crore in Q3 FY25. Net sales jumped 23.7% YoY to Rs 744.27 crore in the quarter ended 31st December 2025.

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Pine Labs today announced a collaboration with OpenAI that signals a fundamental transition in how commerce is engineered. By integrating OpenAI's APIs directly into its AI-native infrastructure, Pine Labs is moving beyond traditional automation to build Agentic Commerce? a paradigm where financial systems don't just record transactions, but autonomously optimize the workflows behind them.

?For decades, commerce has been built on passive systems that simply follow instructions,? said B Amrish Rau, CEO, Pine Labs. ?At Pine Labs, we are moving beyond that era to build an active, intelligent layer for business. Our work with OpenAI ensures that our infrastructure is no longer just a participant in a trade, but a driver of efficiency and growth. We are building the first agentic stack for the next generation of the global economy.?

This collaboration marks a significant dent in the industry, moving conversational AI from a medium of discovery to a mandate for action. Combined with India's sophisticated digital payment rails?including innovations like UPI Reserve Pay, the collaboration enables Conversational Commerce to reach its full potential. Users will no longer just search for products; they will delegate entire financial lifecycles to intelligent agents within a single dialogue.

In this architecture, an agent can autonomously navigate complex tasks?such as self-negotiating supplier terms, optimizing cross-border settlement cycles, or managing recurring bill payments? within pre-defined user guardrails. OpenAI provides the critical decision-making intelligence, while the underlying payment rails serve as the high-fidelity execution layer for regulated financial finality.

Importantly, this intelligence is deployed within Pine Labs' enterprise-grade security and compliance architecture. All AI-driven workflows operate inside a secure, audited environment designed to meet stringent financial regulatory standards, with strict data isolation, encryption, and human-in-the-loop oversight where required.

Beyond internal innovation, Pine Labs is opening this agentic stack to its developer ecosystem, providing the tools for third-party innovators to build next-generation, AI-native fintech applications on a trusted foundation. Pine Labs is ensuring that every merchant?from local SMEs to global enterprises?is equipped with a stack that thinks, reasons, and grows by default. This is not a roadmap for the future; it is the deployment of the new global standard for how money moves and how businesses thrive in an autonomous world.

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One of Sri Lanka's largest listed entities, the Pan Asia Banking Corporation (PABC) and global fintech platform Pine Labs have today announced a partnership that will see the fintech major implementing an end-to-end card management platform for the bank.

Under this partnership, Pine Labs will deploy a full-stack Credit Card Management System for Pan Asia Bank. This platform will support high transaction concurrency and uptime, giving the bank flexible and scalable product configurations. Pine Labs' Credit+ platform will be used for end-to-end issuance of credit cards for the bank, including card issuance, activation, billing, payment processing, reconciliation, and settlement.

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