Emirates NBD to implement Pine Labs’ Credit platform

One of the leading banking groups in the Middle East, North Africa and Turkey (MENAT) region, Emirates NBD and Pine Labs, a prominent merchant commerce omnichannel platform, partner to ensure that companies across the region have access to the latest, and best, payment solutions.

As part of its growth plans, Emirates NBD is expanding its offering by leveraging Pine Labs’ Credit+ platform to deliver cutting-edge merchant acquiring processing solutions for its corporate and institutional clients, initially in the UAE then across the Kingdom of Saudi Arabia and Egypt.

The expanded suite of solutions will empower the bank’s clients to improve their digital payment system for both online and instore payments.

Ahmed Al Qassim, Group Head of Wholesale Banking, Emirates NBD, said, “As a leading bank in the region and a key driver of digitalization in the banking industry, aligning our strategic priorities with our customers’ evolving needs is a core priority for us. Our partnership with Pine Labs will enhance our merchant acquiring services, providing our corporate and institutional clients with cutting-edge technology and innovative payment solutions.”

He added, “This expansion ensures we continuously offer a comprehensive array of value-added options for their payment needs. We are dedicated to empowering our clients in a rapidly digitizing world and remain committed to supporting businesses on this journey.”

“We are excited to partner with Emirates NBD, Dubai’s largest bank, and deliver to them a robust end-to-end solution for in-store and online merchant acquiring. Credit+ is the go-to solution for modern banks looking for a top quality, API-first full stack tech integration to enhance their credit offerings. This Acquiring Processing platform, Credit+ is built for scale and is already live in more than 20 countries,” said Amrish Rau, CEO, Pine Labs.

Pine Labs’ partnership with Emirates NBD reflects its extensive experience of working with leading banks and brands. The company’s end-to-end capabilities in stored-value solutions, in-store payment solutions, expertise in online payment gateway solutions and ability to set up robust fintech infrastructures makes Pine Labs a formidable partner and a truly omnichannel platform for banks, merchants, and enterprise customers.

By on Wed, 15 May 2024 13:58:00 GMT
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