- e& UAE partners with Al Maryah Community Bank to test AE Coin for regulated telecom payments
- AE Coin pilot uses a Central Bank licensed AED backed stablecoin across multiple channels
- Banks and fintech teams trial real world stablecoin payments as the UAE pushes cashless goals
e& UAE is preparing a new phase in digital payments as the company partners with Al Maryah Community Bank to test AE Coin for customer transactions.
The initiative introduces a Central Bank licensed AED backed stablecoin into one of the country’s largest consumer ecosystems.
The move signals stronger momentum for regulated blockchain tools as the UAE accelerates its digital economy plans. Moreover, the project could reshape how users pay for essential telecom and digital services.
Related: Abu Dhabi Now Accepts Stablecoin Payments for Court Fees
Telecom Users to Access Fully Regulated Stablecoin Payments
The memorandum outlines an integration plan that brings AE Coin into e& UAE’s payment systems. Customers gain an option to use the AED-backed token for bills, top-ups, recharges, and several digital services. Additionally, the company aims to extend usage to smart kiosks and future e-commerce points.
e& Group CEO Hatem Dowidar said the company wants a payment system that delivers instant settlement, clear transparency, and secure access. He believes regulated digital currency can strengthen customer choice and support faster transactions. Hence, the rollout forms part of a broader effort to embed financial innovation in daily services.
The pilot positions e& UAE as one of the first major telecom operators to operationalize a licensed stablecoin across multiple channels. Significantly, the approach aligns with ongoing national work to develop modern frameworks for blockchain-enabled finance.
Banks And Fintech Teams Build Real World AE Coin Use Cases
Al Maryah Community Bank plans to support the diversification of digital payments through this project. The firm expects customer demand for stable, regulated virtual assets to increase as usage becomes more intuitive. Consequently, the collaboration offers a live environment to test real-world applications for stablecoins at scale.
AED Stablecoin LLC General Manager Ramez Rafeek views the partnership as a chance to demonstrate stablecoin utility beyond trading platforms. The team built AE Coin to support instant and compliant digital payments across consumer-focused services. Additionally, the token offers predictable value due to its direct link to the UAE dirham.
UAE Pushes Ahead With Cashless Ambitions
The initiative supports national goals that promote secure blockchain adoption and expand regulated digital-payment choices. The integration of AE Coin strengthens the UAE’s long-term vision for a cashless society. Moreover, the collaboration introduces a model that other sectors could adopt as digital finance matures.
Related: Abu Dhabi Introduces Crypto Taxi Payments Using Dirham-Backed AE Coin
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