Network International (Network), a fintech company operating across the Middle East and Africa, will enable stablecoin payments in the UAE through AE Coin acceptance, following a MoU with Al Maryah Community Bank (MBank).
The collaboration integrates AE Coin, the UAE’s Central Bank-licensed, AED-backed stablecoin, into Network’s POS and e-commerce platforms, allowing merchants to accept the digital currency across both physical and online channels.
Through the partnership, merchants using Network’s infrastructure will be able to accept AE Coin as a regulated and secure payment option, providing customers with additional flexibility when paying for goods and services.
Murat Cagri Suzer, Group CEO of Network International, said:
“Network’s payments 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.”
Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, added:
“By working with Network International to enable AE Coin acceptance through the AEC Wallet, we are expanding secure, compliant payment options for merchants and consumers alike.”
Featured image credit: Network International
