Indian payments tech firm Pine Labs has teamed up with Wio Bank to develop an acquiring infrastructure for the UAE-based financial entity.

In the collaboration, Wio Bank will implement Credit+, the acquiring platform from Pine Labs' API (application programming interface).

Pine Labs stated that it will enable the bank to implement intelligent rule-based workflows, make data-driven decisions, and enhance payment acceptance rates, while overseeing the complete merchant acquisition and lifecycle journey through a developer-friendly, tech-centric architecture.

“Our collaboration with Wio Bank introduces a contemporary acquiring processing system to one of the region's most forward-thinking digital banks. Credit+ is designed to provide high transaction volume, quick feature rollout, and smooth scalability via its API-based, microservices framework,” stated B Amrish Rau, CEO of Pine Labs.

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Besides the UAE, Pine Labs presently provides Credit+ in India, Sri Lanka, the Middle East, Africa, and Southeast Asia.

“This collaboration with Pine Labs enhances our capacity to provide more straightforward, efficient payment solutions, ranging from quicker onboarding and settlements to smoother acceptance across various channels. It enables us to keep advancing our infrastructure while developing the next wave of payments and value-added services based on customer requirements, allowing them to concentrate on managing and expanding their business,” stated Jayesh Patel, CEO of Wio Bank PJSC.

Wio Bank receives support from strategic investors such as ADQ, Alpha Dhabi, e&, and First Abu Dhabi Bank (FAB).

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Wio Bank, initially introduced as a digital-first platform, has established itself as a key player in this shift by providing integrated services that merge banking with embedded finance. By implementing Credit+, Wio Bank avoids the conventional obstacles tied to monolithic banking systems, enabling greater flexibility in managing the merchant lifecycle.

With rising transaction volumes, the capability to handle high throughput without delays emerges as a key competitive edge for digital banks aiming to gain market share from traditional institutions.

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Pine Labs has a demonstrated history of updating outdated financial infrastructure for companies worldwide, and this action solidifies its local footprint in the Gulf area.