Network International Becomes the First UAE Payments Platform to Support AE Coin
Network International, a leading fintech company across the Middle East and Africa, has signed a Memorandum of Understanding (MoU) with Al Maryah Community Bank (MBank) to enable regulated stablecoin payments in the UAE through AE Coin, making it the first payments platform in the country to do so.
AE Coin, the UAE’s first Central Bank-licensed, fully reserved, AED-denominated stablecoin, will be integrated into Network’s POS and e-commerce platforms, allowing merchants to accept it seamlessly across physical and digital channels.
This move aligns with Network’s strategy to expand its digital payment ecosystem and reinforce its leading role in supporting alternative and next-generation payment methods in the UAE.
Murat Cagri Suzer, Group CEO of Network International, said:
“As the first payments platform to enable stablecoin acceptance in the UAE, our partnership with MBank is a key milestone in bringing AE Coin payments into everyday commerce. Network’s infrastructure ensures secure and compliant acceptance, giving businesses and consumers greater flexibility and choice.”
Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, added:
“This collaboration is an important step in integrating regulated digital payments into daily commerce, offering merchants and customers secure and compliant payment options.”
Ramez Rafeek, General Manager of AED Stablecoin LLC, noted:
“Accepting AE Coin across POS and e-commerce is a milestone in the evolution of regulated stablecoin payments in the UAE, showcasing the country’s leadership in building a trusted, future-ready digital payments ecosystem.”
The partnership strengthens Network International’s position as a pioneer in future-ready payment solutions, enhancing payment optionality, convenience, and customer experience, while promoting the adoption of stablecoins in the region.
