Pine Labs, Wio Bank Partner to Build Modern Payments Core

Dubai, United Arab Emirates — Pine Labs, a global fintech company focused on transforming digital payments and merchant services, has announced a strategic partnership with Wio Bank, the Middle East’s leading digital banking platform. The collaboration aims to build a next-generation acquiring infrastructure for Wio Bank that is fully modern, cloud-native, and free from legacy technology constraints.

Through this partnership, Wio Bank will deploy Credit+, Pine Labs’ modular, API-first acquiring platform, to power its core merchant acquiring operations. The platform is designed to streamline the entire merchant lifecycle—from onboarding and underwriting to transaction processing and settlement—using a highly configurable, developer-friendly architecture.

Credit+ enables intelligent rule-based workflows, data-driven decision-making, and optimization of payment acceptance rates. It supports multi-mode payment acceptance across channels, helping merchants deliver seamless payment experiences across online, in-store, and omnichannel environments. With real-time settlement capabilities, businesses can benefit from faster access to funds, improved cash flow, and greater financial visibility.

Built on a cloud-native microservices framework, Credit+ allows Wio Bank to scale acquiring volumes efficiently while maintaining high availability, enterprise-grade security, and regulatory compliance. The platform’s modular architecture also enables rapid feature deployment, operational resilience, and real-time insights—key requirements for digital-first banks operating in fast-growing markets.

B Amrish Rau, CEO of Pine Labs, highlighted that the partnership reflects a growing shift toward modular, API-driven financial infrastructure. He emphasized that Credit+ is designed to deliver high transaction throughput, fast feature rollout, and seamless scalability, enabling banks to innovate quickly and meet evolving merchant needs.

Jayesh Patel, CEO of Wio Bank PJSC, stated that the collaboration strengthens Wio’s mission to build a banking platform tailored for modern businesses. By simplifying onboarding, accelerating settlements, and enabling easy payment acceptance across channels, the partnership will allow businesses to focus on growth while Wio continues to expand its digital banking capabilities and value-added services.

Pine Labs currently works with leading banks and enterprises worldwide to modernize legacy financial systems using modular, cloud-based platforms. As the UAE advances toward a cashless economy, partnerships between digital-native banks and global fintech firms are expected to play a crucial role in shaping the future of payments and financial services in the region.