India, Jan. 26 -- Listed fintech major Pine Labs has signed a pact with Wio Bank to build an acquiring infrastructure for the UAE-based digital bank.

In a filing with the exchanges, Pine Labs said that the upcoming cloud-native framework will offer faster merchant onboarding, real-time settlement capabilities and multi-mode payment acceptance at scale.

Under the partnership, Wio Bank will deploy Pine Labs' issuing and acquiring platform Credit+ to run its core acquiring operations. The homegrown fintech added that Credit+ will enable Wio Bank to scale payment volumes and strengthen compliance.

"Our partnership with Wio Bank brings a modern acquiring processing platform to one of the most innovative digital banks in the region. This col...