Pine Labs CEO: India to Dominate Global Fintech, Aims to Rival Stripe, Adyen

• Pine Labs CEO Amrish Rau predicts India will lead the global fintech race, aiming to challenge giants like Stripe and Adyen.
• Pine Labs reported a strong Q1 post-listing: ₹650 crore revenue, 62% adjusted EBITDA growth, and $48 billion GTV.
• Rau emphasizes a 'glocal' strategy to expand international revenue from 17% to 30%, focusing on local relevance.
• The company leverages AI (50% customer interactions) and GenAI (18% code), leading to a tech hiring freeze.
• Rau advises fintechs to focus on tech innovation beyond lending and notes improved regulator collaboration.

Why It Matters: Pine Labs CEO Amrish Rau envisions India as a global fintech leader, driven by innovation and strategic expansion.