FinanceVCCircleabout 3 hours ago
Pine Labs Profit Surges Sixfold on UPI Demand
1 min read
Indian fintech firm Pine Labs reported a more than sixfold jump in second-quarter profit on Thursday, buoyed by rising adoption of digital payment services, sending its shares up nearly 6%. Consolidated profit rose to 385.7 million rupees ($4.05 million) in the quarter ended September, up from 59.7 million rupees a year earlier.
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