Wio Bank Partners with Pine Labs to Enhance Merchant Infrastructure
Filing Summary
Pine Labs Ltd has announced a strategic partnership with UAE’s Wio Bank to modernize the bank’s merchant acquiring infrastructure. The collaboration will utilize Pine Labs’ Credit+ platform to enhance Wio Bank’s core acquiring operations, enabling faster merchant onboarding and real-time settlement capabilities. The partnership aims to provide seamless multi-mode payment acceptance. The initiative is designed on a cloud-native, microservices-based framework, ensuring high availability and regulatory compliance. The partnership reflects Pine Labs’ commitment to transforming financial infrastructure through modular, cloud-native platforms.
Pine Labs Ltd has entered into a strategic partnership with UAE’s Wio Bank to modernize the bank’s merchant acquiring infrastructure. The collaboration will leverage Pine Labs’ Credit+ platform to enhance Wio Bank’s core acquiring operations. This partnership aims to enable faster merchant onboarding, real-time settlement capabilities, and seamless multi-mode payment acceptance at scale.
The financial terms of the partnership between Pine Labs and Wio Bank have not been disclosed in the filing. The collaboration focuses on deploying Pine Labs’ Credit+ platform, which is designed to power Wio Bank’s core acquiring operations. This platform is built for speed, scale, and configurability, enabling intelligent rule-based workflows and data-driven decision-making.
The scope of the partnership includes the deployment of Pine Labs’ Credit+ platform, which is a modular, API-first acquiring platform. This platform allows Wio Bank to manage the full merchant acquisition and lifecycle journey through a developer-friendly, tech-first architecture. The platform supports rapid feature rollouts, real-time insights, and operational resilience, which are critical for digital-first banks operating in high-growth markets.
The partnership is set against the backdrop of the UAE’s acceleration towards a cashless economy. Pine Labs partners with leading banks and enterprises globally to modernize legacy financial infrastructure through modular, cloud-native platforms. This collaboration with Wio Bank is part of Pine Labs’ broader strategy to transform financial infrastructure and enhance payment capabilities.
The implementation timeline for the partnership has not been specified in the filing. However, the collaboration involves key personnel from both organizations, including B Amrish Rau, CEO of Pine Labs, and Jayesh Patel, CEO of Wio Bank. The partnership reflects the strategic priorities of both companies in enhancing digital payment capabilities.
Wio Bank is a leading digital financial platform in the Middle East, focusing on disrupting traditional banking for individuals and businesses. The bank offers a comprehensive digital platform designed to scale with businesses and simplify financial management. Wio Bank provides innovative Banking-as-a-Service (BaaS) and embedded finance solutions.
Pine Labs Limited is a technology company focused on digitizing commerce through digital payments and issuing solutions. The company operates in India and international markets, providing a one-stop software solution for digital payments. Pine Labs offers integrated affordability solutions for merchants and fintech infrastructure solutions for financial institutions.