Pine Labs Share Price in Focus; To Deploy 10 Lakh Soundboxes Across India

Pine Labs has announced plans to deploy 10 lakh Soundboxes across India as part of an investment in digital payments infrastructure. The announcement was made on September 24, 2026, amid wider use of digital payments beyond small-value transactions.  

The company noted that the rollout is for expanding the use of UPI across new markets and business segments. UPI and other digital payment methods are increasingly being used for transactions beyond everyday low-ticket purchases.  

Payment Confirmation for Merchants 

The Soundboxes use a cloud-based architecture and give merchants audio confirmation when a payment is received. The devices can also be managed remotely, allowing payment infrastructure to be monitored without handling each unit separately.  

The system supports over-the-air software updates and centralised monitoring. Pine Labs said these functions are intended to help merchants manage their payment devices as transaction volumes increase.  

Pine Labs on the Deployment 

B Amrish Rau, CEO of Pine Labs, said the company plans to invest in the digital payments ecosystem as new monetisation opportunities emerge. He also linked the Soundbox deployment with increased digital payment adoption and financial inclusion.  

The company said the rollout will support businesses as they take part in the next phase of digital commerce growth. No timeline for completing the deployment was given in the announcement.  

Pine Labs' Business 

Pine Labs operates a Commerce OS connecting merchants, enterprises, financial institutions and consumers. Its platform covers payments, issuing, credit, and other fintech services for online and in-store businesses.  

The company operates across South Asia, Southeast Asia, the Middle East, Africa, Australia and the United States. Its offerings include payment orchestration, issuing, prepaid and stored-value solutions, and payment and credit infrastructure.  

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Pine Labs Share Price Performance  

As of September 24, 2026, 1:40 pm, Pine Labs share price was trading at ₹181.09, a 3.83% decrease from the previous closing price. 

Conclusion 

Pine Labs’ latest announcement centres on the deployment of 10 lakh Soundboxes across India. The company said the devices will support payment confirmation, remote management and wider digital payment use across businesses. 

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