Short Description:
Wio Bank partners with Pine Labs to overhaul its merchant payments with a modern, API-driven platform, aiming to boost digital payment adoption across the UAE.
Read Time:
3 minutes 10 seconds
Main Article:
Dubai’s digital-first Wio Bank has joined forces with global FinTech leader Pine Labs to revamp its merchant acquiring infrastructure. The collaboration centers on deploying Pine Labs’ Credit+ platform—a modular, API-first acquiring system built on a cloud-native, microservices architecture. This move is a direct response to the accelerating shift toward digital payments in the UAE, as banks seek to replace legacy systems that hinder scalability and innovation. For Wio Bank, the partnership is a strategic step to embed a future-proof payments stack that supports rapid merchant onboarding, real-time settlements, and seamless multi-channel payment acceptance.
The Credit+ platform is designed to manage the entire merchant lifecycle through configurable APIs, enabling intelligent, rule-based workflows and data-driven decision-making. This modern infrastructure allows Wio Bank to enhance operational resilience, improve transaction acceptance rates, and roll out new features quickly in a competitive market. According to Pine Labs CEO B Amrish Rau, the platform delivers “high transaction throughput, rapid feature deployment, and seamless scalability,” reflecting how a modular acquiring stack can help digital banks iterate smarter and grow reliably. For Wio Bank CEO Jayesh Patel, the partnership strengthens the bank’s ability to deliver “simpler, more efficient payment capabilities” aligned with evolving customer needs.
This partnership underscores a broader trend in cross-border payments and digital banking, where forward-thinking financial institutions are leveraging AI and cloud-based technologies to modernize their payment ecosystems. As the UAE pushes toward a cashless economy, such collaborations highlight the growing importance of flexible, scalable infrastructure that can adapt to regulatory changes and merchant demands. For the wider finance industry, especially in the United States, Wio Bank’s move serves as a case study in how digital banking innovation, powered by strategic FinTech partnerships, can drive efficiency and customer-centric growth in a fast-evolving payments landscape.
Short Summary:
Wio Bank’s partnership with Pine Labs introduces a modern, API-driven merchant acquiring platform to support the UAE’s digital payment growth. The cloud-native solution enhances scalability, real-time processing, and merchant experience, reflecting a wider trend of FinTech and digital banking innovation. This collaboration highlights how AI and modular infrastructure are reshaping cross-border payments and financial services globally.
