Doubling Down On The Full-Stack Fintech Vision

On November 12, 2025, just a day after Pine Labs’ INR 3,900 Cr IPO closed for subscription, the fintech giant announced it had secured all three key payment licenses from the Reserve Bank of India (RBI): Payment Aggregator (PA), Payment Gateway, and Cross-Border Payments.

This “trifecta” makes Pine Labs the first Indian fintech to hold comprehensive regulatory approvals across the entire spectrum of digital payments, positioning it as a full-stack payments provider at a critical juncture.

The timing couldn’t have been better, as the…