OpenAI partners with Pine Labs to add AI to payments and invoicing

OpenAI has partnered with Pine Labs to integrate AI-driven reasoning into the fintech firm’s payments stack, embedding OpenAI’s application programming interfaces within Pine Labs’ payments and commerce infrastructure to enable AI-assisted settlement, reconciliation and invoicing workflows.

The deal forms part of OpenAI’s broader push to expand in India beyond consumer tools into education, enterprise and infrastructure; earlier this week OpenAI partnered with Indian engineering, medical and design institutions to bring AI tools into higher education.

Pine Labs already uses AI internally to automate parts of its settlement and reconciliation process, cutting the time to clear daily settlements from hours to minutes. The Noida-based company previously relied on manual checks by dozens of employees to process funds from multiple banks before markets opened each day, a workflow now largely handled by AI-driven systems.

India, Noida

openai, pine labs, payments, invoicing, reconciliation, settlement, apis, fintech, india, noida