Network International Becomes the First Payment Platform to Enable Stablecoin Payments in the UAE with AE Coin
Network International, one of the leading fintech companies in the Middle East and Africa, has become the first payment platform to support regulated Stablecoin payments in the UAE through AE Coin acceptance. This milestone follows the signing of a Memorandum of Understanding (MoU) with Al Maryah Community Bank (MBank).
Network International, one of the leading fintech companies in the Middle East and Africa, has become the first payment platform to support regulated Stablecoin payments in the UAE through AE Coin acceptance. This milestone follows the signing of a Memorandum of Understanding (MoU) with Al Maryah Community Bank (MBank).
Through this partnership, AE Coin, the UAE’s first Central Bank-licensed and fully reserved AED-denominated stablecoin, will be integrated into Network International’s point-of-sale (POS) and e-commerce payment systems. This integration will allow merchants to seamlessly accept AE Coin for payments across both physical and digital channels.
Network International’s partnership aligns with its broader strategy to expand its digital payment ecosystem and solidify its market-leading position in supporting alternative and next-generation payment methods in the UAE. By accepting regulated AED stablecoins, the company continues to demonstrate its commitment to advancing digital payment solutions.
“Network’s Payment Infrastructure Will Enable Secure and Compliant AE Coin Acceptance”
Murat Cagri Suzer, Group CEO of Network International, emphasized the importance of the partnership: “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 payment infrastructure will enable secure and compliant AE Coin acceptance across POS and e-commerce channels, giving businesses and consumers greater flexibility and enhanced choice, while advancing the adoption of next-generation payment capabilities at scale.”
Expanding Payment Options for Merchants and Consumers
This new payment option offers merchants the ability to accept AE Coin as a secure and innovative payment method. It also provides consumers with an additional way to pay for products and services. The integration of AE Coin into the payment ecosystem will increase consumer choice and strengthen the UAE’s digital payments ecosystem.
Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, stated, “This partnership represents a significant step forward in integrating regulated digital payments into everyday commerce in the UAE. By enabling AE Coin acceptance through the AEC Wallet in collaboration with Network International, we are offering merchants and consumers secure and compliant payment options. At MBank, our goal is to support innovations that are fully aligned with regulatory frameworks while providing real value to the market.”
UAE’s Leadership in Digital Payments and Stablecoin Adoption
This collaboration marks a significant milestone in the evolution of regulated stablecoin payments in the UAE. Ramez Rafeek, General Manager of AED Stablecoin LLC, said, “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 partnership demonstrates how a Central Bank-licensed, AED-denominated stablecoin can be seamlessly integrated into existing payment ecosystems and support real-world use cases at scale. It reflects the UAE’s leadership in building a trusted, future-ready digital payments environment.”
About the Partners
Network International is the leading fintech company in the Middle East and Africa, simplifying payments and commerce to help businesses and economies grow. The company serves over 250 financial institutions and more than 240,000 merchants in over 50 countries.
Al Maryah Community Bank is the UAE’s first fully integrated digital bank, offering an omnichannel experience to both individual consumers and businesses. The bank is focused on growth and innovation, supporting the UAE community and businesses.
AE Coin is a regulated stablecoin by the Central Bank of the UAE, offering secure, transparent, and efficient financial services. AE Coin, focused on payments, DeFi integration, and rewards systems, is redefining digital finance innovation in the region