Pine Labs Expands Operations into Sri Lanka to Strengthen Regional Presence

Pine Labs Ltd, a leading merchant commerce and fintech platform, has expanded its operations into Sri Lanka, further strengthening its presence in South Asia. The company’s entry into the Sri Lankan market underscores its commitment to enabling seamless digital payments and empowering merchants with innovative financial solutions.

Key Highlights

• Regional Expansion: Pine Labs establishes operations in Sri Lanka to broaden its South Asian footprint.
• Merchant Solutions: Offers advanced point-of-sale and digital payment technologies to local businesses.
• Strategic Impact: Supports financial inclusion and accelerates adoption of cashless transactions in Sri Lanka.
• Market Context: Sri Lanka’s growing digital economy provides strong opportunities for fintech innovation.
• Future Outlook: Pine Labs aims to deepen partnerships with banks, retailers, and SMEs to drive sustainable growth.

This expansion highlights Pine Labs’ strategy of scaling across emerging markets, leveraging its expertise in merchant commerce to support digital transformation. By entering Sri Lanka, the company positions itself to play a pivotal role in shaping the country’s evolving fintech landscape.

Sources: Reuters, Company Filings.