Pine Labs, a payment technology firm, saw its stock rise 14% on its first trading day after a $440 million IPO, despite reducing its valuation from over $5 billion in 2022. The company, which now operates in 20 markets, posted its first profit recently and aims to expand its presence in India and internationally.

Google has launched a virtual credit card called Flex, in partnership with Axis Bank, using the RuPay network and UPI. This card allows users to apply via the Google Pay app and earn rewards redeemable on transactions, targeting India's underserved credit market.

WhatsApp has introduced a QR code payments feature for its Business App, allowing small businesses to easily share codes for direct customer payments within the app. This development was announced at a business summit in India, where additional tools for customer support and advertising were also revealed. The popularity of WhatsApp payments in India is growing, following the launch of its P2P payments service earlier this year.