Mbank and Air Arabia agree to work together as the largest low-cost airline in the Middle East and North Africa. This partnership allows passengers to use AE coins to pay for their flights via the AEC wallet app. As a result, Air Arabia is the only airline in the region that allows payments with Stablecoins, offering a safe, fast and seamless travel payment experience.
First Stub Coin for Seamless Travel Payment in United Arab Emirates
AE Coin is the first stub coin in the UAE supported by AED. The stable price and low cost are attributed to the fact that it matches UAE Dirham 1:1. Air Arabia customers can pay for flights with AE coins when completing their booking on the company’s website. This option is perfectly in line with the UAE’s commitment to adopting new technologies and building a modern digital economy.
Air Arabia CEO Adel Al Ali noted that the decision is evidence of the airline’s willingness to provide cutting-edge digital services. He added that the merger will provide customers with flexible options to provide smoother experiences and flexible options.
New payment options introduced through AEC wallets reflect on our ongoing efforts to adopt smart solutions.
Mbank CEO Mohammed Wassim Khayata also expressed his view, pointing out that in collaboration with Air Arabia, Mbank will enable its customers to offer safe and affordable ways to online. The CEO argued that the airline’s great reputation and wide customer base would make it an ideal partner for Mbank’s innovative digital payment system.
Additionally, Ramez Rafeek, general manager of AED Stablecoin, highlighted the importance of the partnership, noting that by including AE Coin in Air Arabia’s system, it simplified payments to travelers. Rafeek further noted that the decision will launch a trend towards using digital currency in the local travel sector.
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We simplify traveller payment experiences and enable seamless cashless solutions that match the growing digital economy.
This collaboration has strengthened aviation’s digital payments. Furthermore, the decision to use AE coins will play a pivotal role in helping Air Arabia advance its ambition to provide cutting-edge payment solutions to its customers and helping the UAE achieve its goals in the modern and digital financial environment.
The new AE Coin Act allows passengers to pay for flights quickly and easily. This partnership with MBANK and the new use of AE coins are key steps to building a digital economy in the UAE.
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