Pine Labs strikes strategic partnership with UAE-based Wio Bank
27 Jan 2026, 11:29 AMAs part of the partnership, Wio Bank will deploy Credit+, Pine Labs’ modular, API-first acquiring platform, to power its core acquiring operations.
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Fintech major Pine Labs has announced a strategic partnership with UAE-based Wio Bank.
As part of the partnership, Wio Bank will deploy Credit+, Pine Labs’ modular, API-first acquiring platform,
to power its core acquiring operations, said Pine Labs in a stock exchange filing.
Credit+ is designed on a cloud-native, microservices-based framework that supports rapid feature rollouts, real-time insights, and operational resilience.
"This collaboration reflects how a modular acquiring stack can help banks move faster, iterate smarter, and scale reliably in a digital-first payments ecosystem," said B Amrish Rau, CEO, Pine Labs, which was listed on the bourses late last year amid frenetic initial public offering (IPO) frenzy in the country.
Jayesh Patel, CEO of Wio Bank PJSC, which is backed by strategic investors including ADQ, Alpha Dhabi, e&, and First Abu Dhabi Bank (FAB), noted that the digital lending platform is focused 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," added Patel.
Indian fintech majors has been focusing on the Middle East market in the past years.
Last year in April, Paytm had incorporated Paytm Arab Payments LLC to work towards the expansion and distribution of its technology-led merchant payments and financial services stack. However, in December Paytm said that Paytm Arab Payments was selling 49% stake to Abu Dhabi-based Abbar Global Opportunities Holdings Ltd for about Rs 19 crore. This development had come after The Head and Tale exclusively reported that Paytm was facing regulatory roadblocks in the UAE.
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