In a significant move that underscores the UAE’s dominance in digital payment innovation, e& UAE has inked a strategic Memorandum of Understanding (MoU) with Al Maryah Community Bank (Mbank) to facilitate AE Coin transactions across selected e& channels and digital platforms.
This alliance enables e& UAE to accept a fully regulated, Central Bank-approved stablecoin for bill payments and digital transactions, marking a substantial advancement in the UAE’s pursuit of a secure, cashless, and digitally empowered economy.
Through this partnership, millions of e& UAE customers will soon be able to utilize AE Coin, the UAE’s first Central Bank-licensed, fully reserved, AED-backed payment token, for settling telecom bills, recharging accounts, and conducting various digital transactions within the company’s extensive network.
As per the agreement, e& UAE will commence the integration of AE Coin into its sophisticated digital payment infrastructure, allowing customers to carry out instant, secure, and fully regulated blockchain transactions across:
• Mobile and home service bill payments
• Prepaid and postpaid recharge options
• e& digital platforms and smart self-service systems
• Future digital service and e-commerce touchpoints
This groundbreaking initiative introduces a new era for both the telecom and digital asset sectors, showcasing how regulated stablecoins can be seamlessly integrated into everyday consumer services.
Hatem Dowidar, Group CEO of e&, stated: “With the Central Bank-licensed stablecoin, e& UAE is setting a new standard for regulated digital finance: instant settlement, complete transparency, and seamless access. This means choice, trust, and speed for our customers. Through our partnership with Mbank, AE Coin will be integrated across e& UAE channels, offering a simple, secure way to pay that’s fully regulated and ready for everyday use. It’s another step towards making digital life effortless, embedding financial innovation directly into the services millions rely on daily.”
Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, mentioned: “This partnership signifies a transformative moment for the UAE’s digital payments landscape. By enabling virtual asset payments at e& UAE, we are expanding real-world utility for secure, regulated blockchain payments on an unprecedented scale. Millions of consumers will soon experience a faster, more secure, and fully digital way to transact, accelerating the UAE’s digital economy ambitions.”
Ramez Rafeek, General Manager of AED Stablecoin LLC, added: “AE Coin was created to unlock the future of everyday digital payments through a regulated, transparent, and instant stablecoin framework. e& UAE, as one of the leading telecom operators in the region to accept AE Coin, marks a major milestone. It sets a new international benchmark for how licensed stablecoins can deliver real, tangible benefits in essential consumer services, moving blockchain from concept to mass adoption.”
Advancing the UAE’s Digital Transformation Agenda
This collaboration supports several key national priorities by:
• Expanding the adoption of secure, regulated blockchain-based payment systems
• Supporting the UAE’s Digital Economy Strategy and cashless society vision
• Enhancing transparency and efficiency in both public and private sectors
• Bringing future-ready payment solutions into everyday consumer interactions
By enabling AE Coin payments within one of the UAE’s most widely used consumer ecosystems, the country continues to strengthen its global position as a leader in digital finance, financial technology, and regulated virtual asset innovation.
