May 21, 2024

Emirates NBD And Pine Labs Alliance Boosts Merchant Acquiring Solutions

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

Industry sources added that as a part of its expansion initiatives, 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 and then across the Kingdom of Saudi Arabia and Egypt.

From L To R – Ahmed Al Qassim, Group Head of Wholesale Banking, of Emirates NBD And Amrish Rau, CEO, Pine Labs

Ahmed Al Qassim, Group Head of Wholesale Banking, of Emirates NBD, stated, “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.”

B Amrish Rau, CEO, of Pine Labs stated “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.”

Industry sources added that this expanded suite of solutions will boost the bank’s clients to surge their digital payment system for both online and in-store payments.

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