UAE telecom operator E& aims to offer stablecoin payments with AE Coin
e& UAE, the telecom arm of global technology group e&, has signed an MOU with Al Maryah Community Bank (Mbank) to enable AE Coin payments across select e& channels and digital touchpoints such as bill payments and digital transactions.
Through this partnership, millions of e& UAE customers will soon be able to use AE Coin, the UAE’s first Central Bank–licensed, fully reserved, AED-backed payment token, to settle telecom bills, recharge accounts, and perform a range of digital transactions through the company’s nationwide ecosystem.
Under the agreement, e& UAE will begin integrating AE Coin into its advanced digital-payment infrastructure, enabling customers to perform instant, secure, and fully regulated blockchain-powered transactions across, mobile and home service bill payments, prepaid and postpaid recharge channels, e& digital platforms and smart self-service systems and future digital-service and e-commerce touchpoints.
Hatem Dowidar, Group CEO of e&, noted that with the Central Bank-licensed stablecoin, e& UAE is setting a new standard for regulated digital finance: instant settlement, complete transparency, and frictionless access. He explains, “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, added, “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, asserted that the AE Coin was created to unlock the future of everyday digital payments through a regulated, transparent and instant stablecoin framework. He adds that the MOU with e& 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.
