UAE airline Air Arabia has announced that it will now allow customers to pay for services using AE Coin, a regulated stablecoin backed by the UAE Dirham (AED).
UAE-based airline Air Arabia announced that it will now accept payments in AE Coin, a regulated stablecoin pegged to the UAE Dirham (AED). It is also the first stablecoin to receive approval from the Central Bank of the UAE.
Air Arabia has partnered with Al Maryah Community Bank (Mbank), the issuer of the stablecoin, to offer travelers the option to pay for their flight bookings using AE Coin. This partnership makes Air Arabia the first airline in the region to introduce a stablecoin payment service. Travelers can complete their bookings through the AEC Wallet app, developed by Mbank.
As part of the partnership, the Group CEO of Air Arabia, Adel Al Ali said that they are pleased to welcome the integration of the AEC Wallet, which provides a cutting-edge and reliable payment technology for travelers booking on Air Arabia’s website.
Al Ali noted that they are committed to advancing digital innovation within their operations, and this initiative showcases their ongoing efforts to engage customers in new and valuable ways.
Integrating the AEC Wallet as a payment option further underscores Air Arabia’s consistent pursuit of smart, value-driven technologies that aim to deliver greater convenience, flexibility, and efficiency for its growing customer base.
On the partnership, Mohammed Wassim Khayata, CEO of Mbank said: “We are delighted to partner with Air Arabia to introduce AE Coin as a seamless payment method for travelers. This collaboration will help to simplify the booking process and provide more choice and convenience to passengers. It also aligns with the UAE's broader vision of building a more inclusive and technology-driven financial ecosystem.”
In a related move, Mbank has also partnered with Changer.ae to offer escrow services, enabling users in the UAE to effortlessly convert between dirhams and AE Coin.
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