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UAE’s Wio Bank Teams Up with Fintech Pine Labs to Enhance Merchant Acquiring Infrastructure
['Omar Faridi']
Crowdfund Insider
Wio Bank, a digital banking platform based in the UAE, has entered into a strategic alliance with Pine Labs, an international fintech company specializing in payment solutions.
At the heart of this agreement is the integration of Pine Labs‘ Credit+ platform into Wio Bank’s operations.
Credit+ is a flexible, API-centric system designed specifically for acquiring services, allowing Wio Bank to manage its primary payment processing activities with enhanced speed and adaptability.
Similarly, Jayesh Patel, CEO of Wio Bank, emphasized the partnership’s role in enhancing their service offerings, making payments more straightforward and efficient.
By combining Wio’s regional expertise with Pine Labs’ technological prowess, the partnership is poised to accelerate merchant digitalization, reduce operational complexities, and boost economic activity.