e& UAE has taken a significant step toward the wider acceptance of digital payments by integrating AE Coin, the UAE’s first Central Bank-licensed, AED-backed stablecoin, into its consumer payment system.
The initiative is the result of a strategic MoU (Memorandum of Understanding) signed by e& UAE and Al Maryah Community Bank (Mbank), which places regulated blockchain payments for real-world, large-scale adoption.
The partnership marks one of the most significant uses of a licensed stablecoin in the region.
Once implemented, millions of e& UAE customers will be able to use AE Coin to pay telecom bills, recharge prepaid and postpaid accounts, and complete digital transactions across e&’s nationwide platforms.
AE Coin is a UAE Central Bank-licensed payment token, fully reserved and backed by AED, designed to offer price stability, regulatory clarity, and instant settlement.
By accepting AE Coin payments, e& UAE wants to connect traditional financial services with blockchain-based infrastructure that values trust, compliance, and customer convenience.
According to the agreement, AE Coin will be integrated into e& UAE's digital payment system and will handle payments for mobile and home service bills, recharge points, smart self-service systems, and e-commerce and digital services.
Hatem Dowidar, the Group CEO of e&, described the collaboration as the new benchmark for regulated digital finance. He stated that the Central Bank's licensing brings transparency and security, along with blockchain technology, which can deliver faster transactions and a better user experience.
According to Dowidar, the integration of AE Coin aligns with e&’s vision of making digital life simpler by embedding innovation directly into services relied upon by millions.
Muhammad Wassim Khayata, CEO of Mbank, said the partnership is a transformative moment for the UAE's payments landscape.
Ramez Rafeek, General Manager of AED Stablecoin LLC, highlighted the wider impact, stating that the approval of AE Coin by a major telecom operator demonstrates how licensed stablecoins can deliver tangible benefits beyond speculative use, making the use of blockchain technology for everyday commerce.
The initiative backs the UAE's national digital transformation objectives. By integrating AE Coin into a widely used consumer ecosystem, the partnership advances the adoption of regulated blockchain payments, promotes a cashless society, and enhances efficiency and transparency across sectors.
As the UAE continues to position itself as a global leader in financial technology and virtual-asset regulation, the e& UAE-Mbank collaboration illustrates how compliant stablecoins can serve as future-ready payment rails.