UAE based Air Arabia airline is now accepting the AED stablecoin, AE Coin, developed by MBank ( Al Maryah Bank) for payments such as flight booking. The airline is the first in MENA to offer a stablecoin based payment option. Users can book their flights using the AEC Wallet application developed by MBank.

As the UAE’s first regulated AED-backed stablecoin, AE Coin is pegged 1:1 to the UAE dirham, ensuring price stability, security, and low transaction fees. With this integration, Air Arabia’s customers can now select the AEC Wallet at checkout when booking via the airline’s website.

Adel Al Ali, Group Chief Executive Officer, Air Arabia said: “We are proud to partner with Mbank to introduce AE Coin as a secure and innovative payment option for our customers. At Air Arabia, we are committed to embracing digitalization across our operations, and this partnership reflects our efforts to enhance our customer experience through technology. The newly introduced payment option through AEC Wallet reflects our ongoing efforts to adopt smart solutions that bring greater value, choice and flexibility to our growing customer base.”

Mohammed Wassim Khayata, CEO of Mbank, commented: “We are proud to partner with Air Arabia to offer AE Coin as a payment option for travelers. Air Arabia’s strong reputation as a leading low-cost carrier operator serving a diverse customer base aligns perfectly with our mission to provide accessible, secure, and affordable digital payment solutions to our community. Through this partnership, we are not only enhancing the booking process but also contributing to the UAE’s broader goal of creating a truly inclusive, digitally empowered financial ecosystem.”

Ramez Rafeek, General Manager of AED Stablecoin, added: “This partnership with Air Arabia is a key milestone for AE Coin as it makes digital currency even more accessible to everyday consumers. By integrating AE Coin into flight bookings, we are simplifying the payment experience for travelers and enabling a seamless cashless solution that aligns with the growing digital economy. Air Arabia’s leadership in adopting digital payment solutions within the aviation industry is an exciting development that will set the stage for wider adoption of digital currencies in the region.”