Thursday Jan 29, 2026
Thursday Jan 29, 2026
Thursday, 29 January 2026 04:42 - - {{hitsCtrl.values.hits}}
Pine Labs Credit+ CTO and CBO Venugopal Choudhary (seated left) and Pan Asia Bank Director/CEO Naleen Edirisinghe. Standing from left Pine Labs Credit+ India and Sri Lanka CRO Atul Tuli and Pan Asia Bank Chief Manager – Consumer Banking Dhanushka Sapugasthanna
One of Sri Lanka’s largest listed entities, the Pan Asia Banking Corporation (PABC) and global fintech platform Pine Labs yesterday announced a partnership that will see the fintech major implementing an end-to-end card management platform for the bank.
Under this partnership, Pine Labs will deploy a full-stack Credit Card Management System for Pan Asia Bank. This platform will support high transaction concurrency and uptime, giving the bank flexible and scalable product configurations. Pine Labs’ Credit+ platform will be used for end-to-end issuance of credit cards for the bank, including card issuance, activation, billing, payment processing, reconciliation, and settlement.
Pine Labs Credit+ CTO and CBO Venugopal Choudhary said: “Our engagement with Pan Asia Bank is around implementation of a modern credit card management platform using our cloud-native and API-first card management technology. Our platform will help the bank handle the entire card lifecycle giving them complete control over configurations, limits, and program logic as volumes scale.”
Pan Asia Bank Director/CEO Naleen Edirisinghe said: “This partnership with Pine Labs marks an important milestone in our digital transformation journey as it further strengths our ability to deliver faster, smarter and more secure card services to our customers, while building the scalable infrastructure required to support our long-term growth and innovation agenda.”
Credit+ platform of Pine Labs will integrate seamlessly with the bank’s core banking platform and payment networks. It will deliver rule-based controls and configurable limits via APIs. The customised architecture of the platform will help Pan Asia Bank introduce new card products, give real-time authorisation, seamlessly modify controls, and swiftly respond to regulatory or market changes without making major changes to its core banking infrastructure.
This is the second major banking client for Pine Labs in Sri Lanka within a span of few months. As banks in the region continue to embrace agile alternatives to legacy card systems, Pine Labs is well positioned as a trusted technology partner to deliver innovative and future-ready card issuing and processing solutions.
Pine Labs Limited is a technology company digitising commerce, through digital payments and issuing solutions in India and across the globe. It has built an advanced technology infrastructure to help accelerate the digitisation journey of merchants, consumer brands, enterprises, and financial institutions. It operates in India and a growing number of international markets including Malaysia, Philippines, UAE, Singapore, Australia, USA, and Africa.
The Company’s digital payments business represents a one-stop software solution across channels, including online payments designed to deliver secure and smooth online payment experiences to the end user, powered by a tech stack. It also provides integrated affordability solutions for merchants and consumer brands and enterprises, and Fintech infrastructure solutions for financial institutions.
