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Network International a leading fintech company across the Middle East and Africa, has become the first payments platform to enable regulated AE Coin stable coin payments in the UAE. This achievement follows the signing of a Memorandum of Understanding (MoU) with Al Maryah Community Bank (MBank).
The move introduces AE Coin, the UAE’s first Central Bank licensed, fully reserved, AED-denominated stablecoin, into everyday commerce. Merchants can now accept this secure digital currency seamlessly.
The partnership integrates AE Coin into Network International’s POS and e-commerce payment platforms. This enables merchants to accept AE Coin stablecoin payments across physical stores and online channels without friction.
Network International strengthens its role as a market leader in alternative payment methods. By supporting regulated AED stablecoins, the company aligns with the UAE’s push for innovative financial services. This collaboration empowers businesses and consumers with greater flexibility in transactions.
Through this initiative, Network merchants gain the ability to accept AE Coin (AEC) as a secure payment option. Customers benefit from an additional convenient way to pay for goods and services.
The integration supports real world use cases for AE Coin stable coins payments. It demonstrates how a Central Bank-licensed stablecoin can fit into existing payment ecosystems. This step promotes scalability and compliance in digital transactions.
Murat Cagri Suzer, Group CEO of Network International, highlighted the significance: “As the first payments platform to enable stablecoin acceptance in the UAE, our partnership with MBank is an important milestone to bringing regulated AE Coin payments into everyday commerce. Network’s payments infrastructure will enable secure and compliant AE Coin acceptance across POS and e-commerce channels, giving businesses and consumers greater flexibility and enhanced choice.”
Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, added: “This 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.”
Ramez Rafeek, General Manager of AED Stablecoin LLC, noted: “Enabling AE Coin acceptance across Network International’s POS and e-commerce 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 stable coin can be seamlessly integrated into existing payment ecosystems.”
The UAE continues to strengthen its position as a regional leader in digital assets and stablecoin adoption. Robust regulatory frameworks and infrastructure support this growth.
Network International’s partnership with MBank reinforces its pioneering status in future ready payment solutions. Enabling AE Coin stablecoin payments enhances optionality, convenience, and overall customer experience in the digital economy.
This development aligns with the UAE’s vision for innovation in financial services. It boosts consumer choice while building a stronger, more inclusive digital payments ecosystem.
AE Coin stable coin payments represent a transformative step for merchants and consumers in the UAE. Network International’s leadership in this area drives adoption of next generation payment capabilities at scale. As the country advances its digital agenda, such collaborations pave the way for a trusted, innovative financial future.
