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Emirates NBD & Pine Labs team to strengthen merchant acquiring solutions

By Delisha Fernandes

May 16, 2024

  • digital payment
  • Emirates Nbd
  • fintech MENA
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Emirates NBDEmirates NBD, one of the leading banking groups in the Middle East, North Africa and Turkey (MENAT) region, has partnered with Pine Labs, a merchant commerce omnichannel platform, to ensure that companies across the region have access to the latest payment solutions.

The expanded suite of solutions will empower the bank’s clients to improve their digital payment system for both online and in-store 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.”

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

“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 B 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 make Pine Labs a formidable partner and a truly omnichannel platform for banks, merchants, and enterprise customers.

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