e& UAE has announced a major step in advancing digital payments in the country after signing a strategic Memorandum of Understanding with Al Maryah Community Bank (Mbank). The agreement enables AE Coin payments across select e& channels and digital platforms.

The partnership allows e& UAE to accept the UAE’s first Central Bank-licensed, fully reserved, AED-backed stablecoin for bill settlements and digital transactions. This move was reported as a significant advancement in the UAE’s shift toward secure, cashless and digitally empowered services.

e& UAE revealed that millions of customers will soon be able to use AE Coin to pay telecom bills, recharge prepaid and postpaid accounts, and complete a range of digital payments within the company’s nationwide ecosystem. The company will integrate AE Coin into its digital-payment infrastructure, enabling instant and fully regulated blockchain-powered transactions across mobile services, home services and e-commerce touchpoints.

Key customer services expected to support AE Coin include:

• Mobile and home service bill payments
• Prepaid and postpaid recharge channels
• e& digital platforms, smart systems and future online touchpoints

Executives from all parties highlighted the impact of this development. Hatem Dowidar, Group CEO of e&, said the Central Bank-licensed stablecoin sets a new standard for regulated digital finance by offering instant settlement, transparency and frictionless access. He stated that the partnership will deliver a secure and simple payment method fully ready for everyday use.

Mohammed Wassim Khayata, CEO of Mbank, reported that the collaboration marks a transformative moment for the UAE’s digital payments landscape. He added that millions of consumers will benefit from faster, safer and fully digital ways to transact.

Ramez Rafeek, General Manager of AED Stablecoin LLC, announced that AE Coin was designed to unlock the future of everyday digital payments through a regulated and transparent stablecoin framework. He noted that e& UAE’s adoption of AE Coin sets a new benchmark for how licensed stablecoins can reach mass consumer adoption. The collaboration also supports national priorities by expanding secure blockchain-based payment systems, advancing the UAE’s Digital Economy Strategy and reinforcing its vision of a cashless society. By enabling AE Coin digital payments across one of the country’s largest consumer ecosystems, the UAE continues to strengthen its global position in digital finance and regulated virtual-asset innovation.

Related post

View all