Archive · 29 Sep 2026
Pine Labs Shares Fall as Woolworths Gift Card Partnership Extends
Pine Labs is a company that provides technology for businesses.
Its Qwikcilver unit helps Woolworths Group run its gift card programs.
The technology handles creating, processing and managing gift cards.
It also helps Woolworths connect gift cards to its broader shopping systems.
The two companies have extended their partnership.
They want to modernize Woolworths’ gift card infrastructure.
They also plan to support new gift card experiences and stored-value uses.
Pine Labs shares fell during Tuesday’s trading session.
The shares reached Rs 167.70 after previously closing at Rs 173.20.
Pine Labs shares fell 3.18% on Tuesday, reaching a low of Rs 167.70 from a previous close of Rs 173.20.
The stock opened at Rs 172.20 and reached an intraday high of Rs 172.90.
Through Qwikcilver, Pine Labs provides the technology platform for Woolworths Group’s gift card programs.
The platform supports gift card issuance, processing, transaction management and omnichannel program management.
The extended partnership will support Woolworths Group’s infrastructure modernization and new gift card and stored-value use cases.
- Who
- Pine Labs, through its Qwikcilver subsidiary, and Woolworths Group.
- What
- The companies extended a partnership covering technology for Woolworths Group’s gift card programs.
- When
- The partnership extension was reported alongside Pine Labs’ Tuesday trading session.
- Where
- The partnership supports Woolworths Group’s commerce ecosystem, while Qwikcilver operates across several international markets.
- Why
- The extension is intended to modernize Woolworths Group’s gift card infrastructure and support new gift card and stored-value uses.
- Share move
- Pine Labs shares fell 3.18% on Tuesday.
- Intraday low
- Rs 167.70.
- Previous close
- Rs 173.20.
- Trading range
- The stock opened at Rs 172.20 and reached a high of Rs 172.90.
- Technology provider
- Qwikcilver provides the platform supporting Woolworths Group’s gift card programs.
- Platform functions
- The platform covers issuance, processing, transaction management and omnichannel program management.
- Subsidiary status
- Qwikcilver Solutions Pvt Ltd is a step-down subsidiary of Pine Labs Ltd.