- Network International has partnered with MBank to enable AE Coin payments in the UAE.
- AE Coin will be integrated into existing payment rails for use in retail and e-commerce.
- The move shows the UAE is pushing ahead with the introduction of a compliant, real-world digital currency.
Fintech company Network International has taken a decisive step in reshaping digital payments in the UAE by enabling the acceptance of nationally regulated stablecoins. The move is based on a strategic partnership with Al Maryah Community Bank, popularly known as Mbank.
With this partnership, Network becomes the first payment platform in the country to support AE Coin payments across everyday commerce transactions. As a result, this development signals a transition from experimental use cases to real-world adoption of regulated digital currencies.
This integration will allow merchants to accept AE Coin through the network’s POS and e-commerce infrastructure. AE Coin is the UAE’s first central bank-licensed fully reserved dirham-backed stablecoin.
This partnership therefore brings together regulatory oversight and actual payment utilization. This also reflects the growing demand for compliant digital payment options across retail and online channels.
Expanding payment options for merchants and consumers
The agreement positions Network International as the leading intermediary for alternative payments in the UAE market. In addition to traditional card payments, merchants can now seamlessly process AE Coin transactions.
This addition provides consumers with another payment option without changing existing checkout behavior. Additionally, the system supports both brick-and-mortar and digital platforms, powering an omnichannel payment experience.
Network management sees this initiative as a natural extension of its digital payments strategy. Murat Cagri Suzer, Group CEO of Network International, said: “As the first payment platform to enable the acceptance of stablecoins in the UAE, our partnership with MBank is an important milestone.” He added that this infrastructure supports the secure and compliant use of AE Coin at scale. As a result, businesses gain flexibility and customers benefit from expanded choice.
Regulatory alignment increases market confidence
MBank plays a central role by linking AE Coin acceptance to the regulated AEC Wallet ecosystem. Additionally, this partnership reinforces the importance of regulatory clarity in the implementation of digital assets.
Mohammed Wassim Khayata, CEO of MBank, emphasized that innovation must remain in line with established frameworks. This partnership therefore balances technological advances with compliance expectations.
AED Stablecoin LLC also sees this development as a milestone for stablecoin utilities. This integration demonstrates how regulated fiat-backed tokens can work within existing payment rails. It also highlights the UAE’s approach to fostering innovation without compromising trust or financial stability.
UAE strengthens leadership in digital payments
The UAE continues to gain momentum as a regional hub for digital assets. Tighter regulations, advanced infrastructure, and rising usage levels are supporting this trajectory. As a result, initiatives like AE Coin acceptance move beyond experimentation into mainstream commerce.
Related: UAE telecom giant e& accepts AE coins for bill payments
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