Pine Labs, a global fintech company that helps businesses accept and manage payments, has partnered with Wio Bank a leading digital bank in the Middle East. Together, they plan to build a modern payment system for Wio Bank without relying on old or outdated technology.
This partnership will help Wio Bank onboard new merchants faster, settle payments in real-time, and accept multiple types of payments easily, even at a large scale.
Wio Bank will use Credit+, Pine Labs’ advanced platform for payment processing. Credit+ is modular and API-based, which means it’s flexible, fast, and can be customized to meet Wio Bank’s needs.
Credit+ helps Wio Bank manage its payment operations efficiently by enabling smart, rule-based workflows, data-driven decision-making, improved payment acceptance rates, and smooth management of the entire merchant onboarding and lifecycle. Built on a cloud-native, microservices framework, the platform also allows Wio Bank to scale operations quickly, maintain high security and regulatory compliance, roll out new features rapidly, access real-time insights, and ensure reliable, resilient operations.
Commenting on the announcement, B Amrish Rau, CEO, Pine Labs, said, “Our partnership with Wio Bank brings a modern acquiring processing platform to one of the most innovative digital banks in the region. Credit+ is built to deliver high transaction throughput, rapid feature deployment, and seamless scalability through its API-driven, microservices architecture. This collaboration reflects how a modular acquiring stack can help banks move faster, iterate smarter, and scale reliably in a digital-first payments ecosystem.”
Jayesh Patel, CEO of Wio Bank PJSC, said, “At Wio, our focus is on building a banking platform that supports how businesses operate and grow. This partnership with Pine Labs strengthens our ability to deliver simpler, more efficient payment capabilities, from faster onboarding and settlements to easier acceptance across channels. It allows us to continue evolving our infrastructure while building the next generation of payments and value-added services around customer needs, so they can stay focused on running and growing their business.”
Pine Labs works with major banks and businesses around the world to upgrade old financial systems using flexible, cloud-based platforms.
As the UAE moves faster toward a cashless economy, partnerships between digital-first banks like Wio Bank and global fintech companies with local experience are helping shape the future of payments.
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