e& UAE Partners with Mbank to Enable AE Coin Payments Across Digital Channels

In a landmark move reinforcing the UAE’s leadership in digital-payment innovation, 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 integrate AE Coin payments across select e& channels and digital touchpoints. This collaboration allows e& UAE to accept a fully regulated, Central Bank-licensed stablecoin for bill payments and digital transactions, marking a major step toward a secure, cashless, and digitally empowered economy.

Through the partnership, millions of e& UAE customers will soon be able to use AE Coin, the UAE’s first fully reserved, AED-backed payment token, to settle telecom bills, recharge accounts, and conduct a range of digital transactions across the company’s nationwide ecosystem. Under the agreement, e& UAE will integrate AE Coin into its advanced digital-payment infrastructure, enabling instant, secure, and fully regulated blockchain-powered transactions for mobile and home service bill payments, prepaid and postpaid recharge channels, digital platforms, smart self-service systems, and future e-commerce touchpoints.

This pioneering initiative introduces a new chapter for both the telecom and digital-asset sectors, demonstrating how regulated stablecoins can be safely, efficiently, and seamlessly embedded into essential consumer services. It highlights the UAE’s commitment to embedding financial innovation directly into services that millions rely on daily.

Leadership Perspectives

Hatem Dowidar, Group CEO of e&, said that AE Coin sets a new standard for regulated digital finance, offering instant settlement, transparency, and frictionless access for customers. He emphasized that the partnership with Mbank would allow AE Coin to be integrated across e& UAE channels, providing a simple, secure, and fully regulated way to pay. Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, described the collaboration as transformative for the UAE’s digital-payments landscape, expanding the real-world utility of blockchain-based payments to millions of consumers. Ramez Rafeek, General Manager of AED Stablecoin LLC, noted that e& UAE’s adoption of AE Coin marks a major milestone, setting an international benchmark for licensed stablecoins delivering tangible benefits in everyday consumer services.

Advancing the UAE’s Digital Transformation Agenda

The collaboration aligns with several key national priorities, including expanding adoption of secure, regulated blockchain-based payment systems, supporting the UAE’s Digital Economy Strategy and cashless-society vision, enhancing transparency and efficiency across public and private sectors, and introducing future-ready payment rails into everyday consumer interactions. By enabling AE Coin payments within one of the UAE’s most widely used consumer ecosystems, the country continues to strengthen its position as a global leader in digital finance, fintech, and regulated virtual-asset innovation.