e& UAE Explores Enabling Stablecoin Payments with AE Coin
A landmark agreement has been reached to support the future of digital payments in the UAE. The new Memorandum of Understanding between e& UAE and Al Maryah Community Bank aims to introduce AE Coin payments across selected customer channels. As the UAE continues to lead global digital-payment innovation, this step strengthens efforts to build a secure, cashless and digitally empowered economy.
Through this collaboration, millions of customers will soon gain the ability to use AE Coin, the country’s first Central Bank–licensed and AED-backed payment token, for settling telecom bills and completing a wide range of digital transactions. Moreover, the initiative is expected to accelerate national progress in regulated blockchain adoption, since it blends reliable financial frameworks with next-generation digital capabilities.
Enabling Seamless, Regulated Digital Transactions
Under the agreement, e& UAE will integrate AE Coin into its advanced digital-payment infrastructure. Consequently, customers will be able to perform instant, secure and fully regulated blockchain-powered payments across mobile and home services, prepaid and postpaid recharge channels, digital platforms and smart self-service systems. The roadmap also includes future e-commerce and digital-service touchpoints, ensuring continuous expansion as user adoption grows.
This step opens a transformative chapter for both telecom and digital-asset sectors. Because regulated stablecoins can now be embedded into everyday customer experiences, the partnership demonstrates how digital finance can evolve without compromising safety or efficiency. It also shows how modern payment rails can support daily consumer interactions while, at the same time, maintaining strong compliance standards.
Hatem Dowidar, Group CEO of e&, said: “With the Central Bank-licensed stablecoin, e& UAE is setting a new standard for regulated digital finance: instant settlement, complete transparency, and frictionless access. For our customers, this means choice, trust, and speed. 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 toward making digital life effortless, embedding financial innovation directly into the services millions rely on daily.”
Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, stated: “This partnership represents 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 at an unprecedented scale. Millions of consumers will soon experience a faster, more secure and fully digital way to transact, further 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, 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-Economy Vision
This collaboration contributes to national digital-transformation priorities by expanding the adoption of regulated blockchain-based payment systems, supporting the UAE’s Digital Economy Strategy and reinforcing the country’s cashless-society goals. Additionally, it enhances transparency and efficiency across both public and private sectors while bringing future-ready payment frameworks into everyday transactions.
By enabling AE Coin payments within one of the UAE’s most widely used consumer ecosystems, the country continues to strengthen its leadership in digital finance, financial technology and regulated virtual-asset innovation. Moreover, the partnership signals a long-term commitment to shaping a smarter, faster and more secure digital-payment landscape.
