e& UAE, the flagship telecom arm of global technology group e&, has signed a strategic Memorandum of Understanding (MoU) with Al Maryah Community Bank (Mbank) to enable AE Coin payments across select e& channels and digital touchpoints.
This move marks a significant milestone, further solidifying the UAE’s position as a global leader in digital payment innovation.
This e& UAE and Mbank collaboration enables e& UAE to accept a fully regulated, Central Bank-licensed stablecoin for bill payments and digital transactions, marking a significant step forward in the UAE’s journey toward a secure, cashless, and digitally empowered economy.
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.
Hatem Dowidar CEO – e&
“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.”
Under the agreement, e& UAE will integrate AE Coin into its cutting-edge digital payment infrastructure, allowing customers to make 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
Future digital-service and eCommerce touchpoints
Mohammed Wassim Khayata, CEO of Mbank, stated that, “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.”
