Pine Labs recently announced a strategic collaboration with Wio Bank to build a modern, cloud-native acquiring infrastructure designed for digital-first banking.
The partnership will help the Wio Bank to roll out a next-generation acquiring stack that does not rely on legacy technology, enabling it to onboard merchants more rapidly, settle in real time, and accept multi-mode payments on a scale.
Under the partnership, Wio Bank will use Credit+, an API-first, modular acquiring platform designed by Pine Labs, as the basis of its own core acquiring operations.
Developed as fast, scalable, and configurable, Credit+ provides intelligent rule-based processes, data-based decision-making, and optimization of acceptance rates, and handles the entire merchant acquisition and lifecycle process over an architecture friendly to developers.
Credit+ is built on a microservices-based, cloud-native architecture, enabling Wio Bank to effectively scale the acquisition volumes with high availability, enterprise security, and regulatory compliance.
The platform also enables quick rollouts of features, real-time dashboards, and operational resilience, which are becoming more important as digital-first banks expand into high-growth cashless markets.
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, stated, “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 partners with banks and businesses worldwide to modernize legacy financial infrastructure through modular, cloud-native platforms.
With the UAE rapidly shifting to a cashless economy, the future of payments, merchant services, and embedded finance is being influenced by more and more partnerships between digital-native banks and international fintech providers with good regional execution capabilities.
