Network International has become the first payments platform to enable regulated Stablecoin payments in the UAE through AE Coin acceptance, following the signing of a Memorandum of Understanding (MoU) with Al Maryah Community Bank (MBank).
The partnership will see the integration of AE Coin, the UAE’s first Central Bank-licensed, fully reserved, AED-denominated stablecoin, into Network’s POS and eCommerce payment platforms, enabling merchants to accept AE Coin seamlessly across physical and digital channels.
This aligns with Network’s broader strategy to expand its digital payment ecosystem and reinforce its market-leading role in supporting alternative and next-generation payment methods in the UAE, evidenced by its position as a leading fintech accepting regulated AED stablecoins.
Through this partnership, Network merchants will be empowered to seamlessly accept AE Coin (AEC) as a new, secure, and innovative payment method, as well as offer customers an additional, convenient way to pay for products and services.
This collaboration represents a significant step forward in supporting the UAE’s vision for innovation in financial services, enhancing consumer choice, and strengthening the digital payments ecosystem.
Murat Cagri Suzer Group CEO Network International
“As the first payments platform to enable Stablecoin acceptance in the UAE, our partnership with MBank is an important milestone in bringing regulated AE Coin payments into everyday commerce. Network’s payments infrastructure will enable secure and compliant AE Coin acceptance across POS and eCommerce channels, giving businesses and consumers greater flexibility and enhanced choice, while advancing the adoption of next-generation payment capabilities at scale.”
Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, said that, “The Network International-MBank partnership represents a significant step forward in bringing regulated digital payments into everyday commerce in the UAE. By working with Network International to enable AE Coin acceptance through the AEC Wallet, we are expanding secure, compliant payment options for merchants and consumers alike. At Mbank, our focus remains on supporting innovation that is fully aligned with regulatory frameworks while delivering real value to the market.”
Ramez Rafeek, General Manager of AED Stablecoin, noted that, “Enabling AE Coin acceptance across Network International’s POS and eCommerce infrastructure marks an important milestone in the evolution of regulated stablecoin payments in the UAE.”
“This collaboration demonstrates how a Central Bank-licensed, AED-denominated stablecoin can be seamlessly integrated into existing payment ecosystems, supporting real-world use cases at scale. It reflects the UAE’s leadership in building a trusted, future-ready digital payments environment,” Rafeek added.
