Emirates NBD To Enhance Merchant Acquiring Solutions With Pine Labs

Emirates NBD, a prominent banking group in the MENAT region, has joined forces with Pine Labs, a leading omnichannel platform in merchant commerce. This collaboration aims to provide businesses across the region with top-notch payment solutions. In line with its expansion strategy, Emirates NBD will utilize Pine Labs' Credit+ platform to offer advanced merchant-acquiring processing solutions to its corporate and institutional clientele. Initially launching in the UAE, the services will later extend to Saudi Arabia and Egypt. This partnership will equip the bank's clients with enhanced digital payment systems, catering to both online transactions and in-store purchases.

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 B Amrish Rau, CEO, Pine Labs.

Pine Labs' collaboration with Emirates NBD underscores its track record of working alongside major banks and brands. Leveraging its expertise in stored-value solutions, in-store payments, online gateway solutions, and fintech infrastructure, Pine Labs emerges as a versatile partner for banks, merchants, and enterprises seeking a comprehensive omnichannel platform.