Pine Labs has launched Pine Labs Payment Protocol (P3P) and for the first time in India, an AI agent can complete a UPI payment without human authentication. Pine Labs is India’s first payment company to close this gap.
The P3P extends UPI’s existing mandate framework-- already proven through UPI One Time Mandates and Reserve Pay-- into payments triggered by AI agents. The consumer authorises once, upfront. After that, the agent browses, selects, negotiates, and pays.
P3P provides the payment and settlement rails for autonomous commerce. Grantex provides verifiable identity, delegated authorization, spend controls, and auditability. HTTP 402--an open web standard for machine-readable payment requests--provides a standardised protocol for discovering and requesting payment. Together, they enable trusted, secure, and auditable agent-to-agent transactions on behalf of merchants without requiring human intervention.
Pine Labs offers a merchant platform that includes technology and financial solutions for merchants. The company also leverages technology and domain expertise for merchants of all sizes helping them to thrive in the changing global marketplace.
