Fintech firm Pine Labs has entered a partnership with global payments provider Stripe to launch an integrated platform for retailers in Singapore. The service allows merchants to manage both online and in-store transactions through a single system, beginning this month.
Key Takeaways
- Unified platform: Merchants can process online payments via Stripe while utilizing Pine Labs terminals for physical store transactions.
- Operational efficiency: The solution aims to reduce the complexities of managing separate payment providers and reconciling data across channels.
- Additional services: Retailers gain access to Pine Labs’ loyalty programs, installment plans, and digital marketing tools.
- Regional expansion: The companies intend to introduce this joint offering to additional Southeast Asian markets by 2027.
- Upcoming showcase: The partnership will be featured at the Singapore Fintech Festival 2026.
Expanding Merchant Capabilities
The collaboration combines Stripe’s online payment infrastructure with Pine Labs’ physical point-of-sale terminals and merchant commerce tools. By consolidating these functions, Pine Labs aims to streamline reporting and reduce operational costs for businesses that operate across digital and brick-and-mortar channels. Participating merchants will also have access to pay-by-points options and merchant-funded promotions.
Growth and Market Presence
This partnership aligns with Pine Labs’ ongoing strategy to expand its merchant payments business internationally. As of the second quarter of the 2027 fiscal year, the company reported serving 1.16 million merchants, a 13% increase year-over-year. The firm currently operates in more than 22 markets. Pine Labs recently reported a significant increase in financial performance, with net profit rising to ₹38.6 crore in Q2 FY27, up from ₹6 crore in the same period last year. Operating revenue grew 24% to ₹806.2 crore during the same timeframe.