AdvertisementAdvertisementBusiness28 Jul 2026 06:21PM (Updated: 28 Jul 2026 06:29PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST July 28 : Indian fintech firm Pine Labs on Tuesday posted a more than four-fold increase in first-quarter profit, driven by increased adoption of digital payments and the underlying infrastructure in the country.• The company's consolidated profit rose to 195.7 million rupees ($2.04 million) in the April-June quarter, from 47.9 million rupees last year.• The growing adoption of digital payments by both consumers and merchants, as well as India's unified payments interface (UPI), has aided Pine Labs' growth, the company said.• Revenue from operations rose 19.6 per cent in the quarter.Show MoreShow Less• Revenue from the company's digital infrastructure and transaction platform, which is largely monetized through subscriptions and transaction fees, rose nearly 15 per cent to 4.99 billion rupees.• Revenue from its issuing and acquiring platform segment, which helps banks and fintech companies issue credit and debit cards, rose 31 per cent.• Expenses rose 10.6 per cent in the quarter, largely due to employee benefit costs.• Pine Labs' shares jumped after the results, closing 3.6 per cent higher.($1 = 95.7725 Indian rupees)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST