Emirates NBD, a leading bank in the Middle East, has joined forces with Pine Labs, a prominent merchant commerce platform, to offer cutting-edge payment solutions to businesses across the region.
Key Takeaways:
- Emirates NBD leverages Pine Labs’ Credit+ platform to provide advanced merchant acquiring services.
- The partnership initially focuses on the UAE, with expansion planned for Saudi Arabia and Egypt.
- Businesses will benefit from improved digital payment systems for both online and in-store transactions.
Enhanced Payment Options for Businesses
This collaboration aims to empower Emirates NBD’s corporate and institutional clients with innovative payment solutions. By utilizing Pine Labs’ technology, the bank can offer a wider range of options to meet evolving business needs in a rapidly digitalizing world.
“Our partnership with Pine Labs aligns with our commitment to providing cutting-edge technology and supporting businesses in their digital journey,” says Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD.
“We are thrilled to partner with Emirates NBD and deliver a robust solution for in-store and online merchant acquiring,” states B Amrish Rau, CEO of Pine Labs. He highlights the scalability and global reach of their Credit+ platform.
This partnership leverages Pine Labs’ extensive experience in various payment solutions, including stored-value solutions, in-store payments, online gateways, and fintech infrastructure setup. This positions them as a powerful omnichannel platform for banks, merchants, and enterprises.
