Pine Labs, a global fintech platform, has announced a strategic partnership with Wio Bank, a digital financial platform in the Middle East, to develop a modern acquiring infrastructure with no legacy technology dependencies, enabling faster merchant onboarding, real-time settlement capabilities, and scalable multi-mode payment acceptance.
Wio Bank will deploy Credit+, Pine Labs’ modular, API-first acquiring platform, to power its core acquiring operations. This platform is designed for speed, scale, and configurability, facilitating intelligent rule-based workflows, data-driven decisioning, and optimization of payment acceptance rates. Credit+ manages the complete merchant acquisition and lifecycle journey through a developer-friendly, tech-first architecture.
Built on a cloud-native, microservices-based framework, Credit+ enables Wio Bank to scale acquiring volumes efficiently with high availability, enterprise-grade security, and regulatory compliance. The platform supports rapid feature rollouts, real-time insights, and operational resilience, which are critical for digital-first banks operating in high-growth markets.
B Amrish Rau, CEO of Pine Labs, stated, “Our partnership with Wio Bank introduces a modern acquiring processing platform to one of the region’s innovative digital banks. Credit+ is engineered to deliver high transaction throughput, rapid feature deployment, and seamless scalability through its API-driven, microservices architecture. This collaboration illustrates how a modular acquiring stack can support banks in moving faster, iterating smarter, and scaling reliably within a digital-first payments ecosystem.”Jayesh Patel, CEO of Wio Bank PJSC, commented, “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 provide simpler, more efficient payment capabilities, from faster onboarding and settlements to easier acceptance across channels. It enables us to continue evolving our infrastructure while developing the next generation of payments and value-added services aligned with customer needs, allowing them to concentrate on running and expanding their businesses.”As the UAE progresses towards a cashless economy, collaborations between digital-first banks such as Wio Bank and global fintech companies with a local presence are contributing to the evolution of payment systems.
