Pan Asia Bank, the nation’s Truly Sri Lankan Bank, has partnered with global fintech platform Pine Labs to enhance its credit card issuing and processing capabilities through a state-of-the-art, end-to-end Card Management System.
Through this collaboration, Pan Asia Bank will implement Pine Labs’ full-stack Credit+ platform, a modern, cloud-native, API-first solution that enables the bank to manage the complete lifecycle of its credit card portfolio. The system supports high transaction volumes, ensures high uptime, and provides flexibility in product configurations to meet evolving customer needs.
The platform will handle end-to-end credit card operations, including activation, billing, payment processing, reconciliation, and settlement, significantly improving operational efficiency and the overall customer experience.
Pan Asia Bank Director/CEO Naleen Edirisinghe said:
"This collaboration represents a major step forward in our digital journey. By adopting a next-generation card management platform, we are enhancing our ability to deliver seamless, secure, and responsive card services while building a scalable foundation for innovation and long-term growth."
Pine Labs CEO B. Amrish Rau added:
"Our platform provides the bank full control over the card lifecycle, including configurations, limits, and program logic, while supporting scale and operational excellence."
The Credit+ platform will integrate with Pan Asia Bank’s core banking system and payment networks, offering real-time authorization, rule-based controls, and configurable limits via APIs, marking a significant leap in the bank’s digital capabilities.