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Pine Labs

Steady2 stories1 sourcesLast updated: 5d ago

Related Topicsfintech AI UPI payments autonomous mandate agentic commerce Gullak

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Pine Labs launches AI agent for autonomous UPI payments

Tech·5d agoAI summary

Pine Labs launches AI agent for autonomous UPI payments

Pine Labs has introduced the Pine Labs Payment Protocol (P3P), an AI agent that can complete UPI payments autonomously without human authentication after an initial mandate. This technology, already live on Gullak for gold purchases and at Vijay Sales for deals, aims to enable autonomous wealth creation and secure purchases by eliminating the need for constant human oversight.

Pine Labs Acquires Shopflo Technologies for Rs 88 Crore to Strengthen Online Merchant Offerings

4/25/2026AI summary

Pine Labs Acquires Shopflo Technologies for Rs 88 Crore to Strengthen Online Merchant Offerings

Pine Labs has acquired Shopflo Technologies, an ecommerce enabler for D2C brands, for Rs 88 crore ($9.4 million). The acquisition marks Pine Labs' first investment after going public and will be funded through internal accruals. Shopflo, founded in 2021, works with 1,000 D2C brands offering payment checkout, discounts, loyalty programmes, and a payment orchestration platform. The deal intensifies competition with rivals Razorpay, Cashfree, and PayU in the mid-market and small business segments.