Wio Bank and Pine Labs have reached an agreement for Pine Labs to construct an acquisition infrastructure for the digital bank located in the United Arab Emirates. Pine Labs stated in a filing with the exchanges that the forthcoming cloud-native platform will provide multi-mode payment acceptance at scale, real-time settlement capabilities, and quicker merchant onboarding.In order to manage its primary acquisition operations, Wio Bank will use Pine Labs’ issuing and acquiring platform, Credit+. According to the domestic fintech, Wio Bank will be able to increase payment volumes and improve compliance with Credit+.How Pine Labs Partnership will Digital Banking in the Region?According to Pine Labs CEO Amrish Rau, the collaboration with Wio Bank gives one of the area’s most creative digital banks access to a cutting-edge acquisition processing platform. This partnership demonstrates how banks can scale dependably, develop more intelligently, and move more quickly in a digital-first payments ecosystem with the support of a modular acquisition stack.The collaboration occurs at a time when Pine Labs has accelerated its global growth. The listed fintech giant currently operates in the US, Southeast Asia, Australia, and the United Arab Emirates in addition to its home market. The company’s main focus abroad is software, and… Read MoreStartupTalky- Business News, Insights and Stories
