- Network International partners with MBank to enable AE Coin payments in the UAE.
- AE Coin integrates into existing payment rails for retail and e-commerce use.
- The move signals the UAE’s push toward compliant, real-world digital currency adoption.
Network International, a fintech company, has taken a decisive step in reshaping digital payments in the UAE by enabling regulated stablecoin acceptance nationwide. The move follows a strategic partnership with Al Maryah Community Bank, widely known as MBank.
Through this collaboration, Network becomes the first payments platform in the country to support AE Coin payments across everyday commerce. Consequently, the development signals a shift from pilot use cases toward real-world adoption of regulated digital currencies.
The integration allows merchants to accept AE Coin through the Network’s point-of-sale and e-commerce infrastructure. AE Coin is the UAE’s first Central Bank-licensed, fully reserved, dirham-backed stablecoin.
Hence, the partnership connects regulatory oversight with practical payment use. It also reflects growing demand for compliant digital payment options across retail and online channels.
Expanding Payment Choice for Merchants and Consumers
The agreement positions Network International as a key facilitator of alternative payments in the UAE market. Besides traditional card payments, merchants can now process AE Coin transactions seamlessly.
This addition offers consumers another payment option without changing existing checkout behavior. Moreover, the system supports both physical stores and digital platforms, strengthening omnichannel payment experiences.
Network’s leadership views the initiative as a natural extension of its digital payments strategy. 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 an important milestone.” He added that the infrastructure supports secure and compliant AE Coin usage at scale. Consequently, businesses gain flexibility while customers benefit from expanded choice.
Regulatory Alignment Drives Market Confidence
MBank plays a central role by linking AE Coin acceptance to its regulated AEC Wallet ecosystem. Additionally, the collaboration reinforces the importance of regulatory clarity in digital asset adoption.
Mohammed Wassim Khayata, CEO of MBank, emphasized that innovation must remain aligned with established frameworks. Hence, the partnership balances technological progress with compliance expectations.
AED Stablecoin LLC also views the rollout as a milestone for stablecoin utility. The integration demonstrates how regulated, fiat-backed tokens can function within existing payment rails. Moreover, it highlights the UAE’s approach to fostering innovation without compromising trust or financial stability.
UAE Strengthens Its Digital Payments Leadership
UAE continues to build momentum as a regional hub for digital assets. Strengthened regulations, advanced infrastructure, and rising usage levels support this trajectory. Consequently, initiatives like AE Coin acceptance move beyond experimentation into mainstream commerce.
Related: UAE Telecom Giant e& to Accept AE Coin for Bill Payments
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Source: https://coinedition.com/network-international-enables-ae-coin-payments-across-uae-merchants/
