Pine Labs launches P3P for autonomous UPI agent payments

June 11, 2026 — Pine Labs introduced P3P (Pine Labs Payment Protocol), enabling AI agents to execute UPI payments without requiring user authentication at each transaction.

Problem solved

While AI agents can search, compare, and decide on purchases, UPI’s per-payment MPIN requirement blocked fully autonomous checkout. P3P uses upfront mandate authorization with spending caps.

Technical stack

• UPI one-time mandates and Reserve Pay mechanisms
• Grantex for identity verification and delegated authorization
• HTTP 402 for machine-readable payment requests
• Audit trails and mandate revocation for consumer protection

Competitive landscape

Razorpay launched agentic payments in March 2026 for merchants like PVR cinemas but still requires final customer consent before booking — a human-in-the-loop model Pine Labs contrasts with full mandate-based autonomy.

Deployments

Gullak live for rule-based gold purchases. Vijay Sales POC for electronics target-price automation. Pine Labs targeting retail, fintech, and travel expansion.

Regulatory context

Built on India’s existing UPI mandate infrastructure regulated by NPCI, providing a compliance-friendly path compared to novel payment rails.