UAE based Changer.ae, a leading secure digital asset service provider licensed in ADGM, and PayFlex.ae, a pioneering crypto technology service provider, signed an MOU ( Memorandum of Understanding) to simplify and accelerate the adoption of crypto in everyday use cases across the UAE and further. The solutions will be offered to both businesses and consumers alike.
Wang Hao, CFA, Senior Executive office of UAE regulated Changer.ae noted, “Today marks a pivotal milestone in advancing the UAE’s digital financial ecosystem. Our collaboration with PayFlex is a natural evolution of the UAE’s growing digital asset infrastructure, combining our secure custody and conversion services with PayFlex’s innovative point-of-sale crypto settlement technology. Together, we are creating a future where digital and traditional finance seamlessly coexist.”
Previously Changer became a partner with Al Maryah Community Bank ( MBank) allowing Changer to offer UAE dirham escrow services and compliant crypto-fiat conversions. Changer also leverages AE Coin, the country’s first fully regulated UAE dirham-backed stablecoin, supporting 1:1 dirham-pegged transactions and enabling greater financial inclusion.
Shadi Ahmad., Chairman of PayFlex, emphasized, “This partnership is more than strategic, it is transformative. By merging Changer’s exchange capabilities with PayFlex’s merchant-ready solutions, and with the trust of Mbank, we are building the region’s most advanced crypto-to-fiat settlement gateway. Our goal is to make digital currencies usable in everyday life — from hotels, real estate, restaurants, and beyond.”
UAE Matrix Wings using PayFlex crypto settlement
UAE Matrix Wings Group is already making use of the solution. The are using PayFlex crypto settlement technology to accept digital assets.
According to Najet ben Kaddour, Chief Executive Officer of Matrix Wings Group LLC, it provided them with a secure and compliant foundation to confidently accept digital assets. She added, “By eliminating volatility and fraud risks, we were able to attract high-value crypto spenders—resulting in a 15 per cent increase in revenue in just the first quarter. PayFlex has truly turned uncertainty into opportunity.”
Ihab Tannish, Chief Executive Officer of ITS Real Estate Brokerage LLC also commented about his experience with PayFlex stating: “With Payflex, we didn’t just integrate cryptocurrency technology, we unlocked an entirely new revenue stream. Their seamless settlement into local currency allowed us to safely tap into the spending power of the crypto economy.”
The result was a 17 per cent increase in average order value from crypto users and significantly expanded market reach.
