Pine Labs vs Paytm: Is this new-age payments stock the next big bet? MOSL initiates coverage, check target, stop loss

Pine Labs is projected to grow significantly, with MOFSL estimating revenue, adjusted EBITDA, and PAT CAGRs of 24%, 46%, and 129% respectively over FY26-28. Its emphasis on merchant infrastructure positions it uniquely compared to Paytm’s broader consumer-facing ecosystem.