Customers could use the AED-backed token for bills, top-ups, and digital payments.
Dubai: e& UAE and Al Maryah Community Bank signed a memorandum of understanding to explore the use of AE Coin, a Central Bank-licensed stablecoin, for payments across selected e& channels. The telecom operator plans to test regulated blockchain-based payments for bills, recharges, and a broader set of digital transactions.
The agreement outlines plans to integrate AE Coin into e& UAE’s payment infrastructure. Customers would gain the option to use the AED-backed token for mobile and home-service bills, prepaid and postpaid recharges, e& digital platforms, smart self-service systems, and potential future e-commerce touchpoints.
e& Group CEO Hatem Dowidar said: “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.”
“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.”
Source: www.gulfnews.com