Mbank and Air Arabia Launch AE Coin as the UAE's First Stablecoin for Seamless Travel Payments

This partnership will allow passengers to use AE Coin to pay for flights through the AEC Wallet App. As a result, Air Arabia becomes the only airline in the region to allow payments in stablecoins

Air Arabia, the biggest low-cost airline in the Middle East and North Africa, has joined forces with Mbank to accept the UAE’s first stablecoin.

The partnership will allow passengers to use AE Coin to pay for flights through the AEC Wallet App.

As a result, Air Arabia becomes the only airline in the region to accept payments in stablecoins, offering a secure, fast, and seamless travel payment experience.

The partnership brings together Mbank’s expertise in digital banking and payments with Air Arabia’s commitment to providing innovative travel solutions.

Air Arabia is a full-service member of the International Air Transport Association (IATA) and a government-sanctioned carrier.

Air Arabia customers will be able to pay for flights with AE Coin when completing a booking on the company’s website. The option is available in the applicable currency at the time of booking.

This partnership aligns perfectly with the UAE’s commitment to introducing new technologies and fostering a modern digital environment.

Highlighting the merger, Adel Al Ali, CEO of Air Arabia, said: “At Air Arabia, we strive to provide cutting-edge digital services and introduce new technologies to enhance the customer journey.”

“This partnership with Mbank and the introduction of a new payment method with AE Coin will provide our passengers with a seamless experience and greater flexibility when booking their flights.”

The newly introduced payment option through AEC Wallet showcases our ongoing efforts to adopt smart solutions that enrich the travel experience. We are simplifying the payment experience for travelers and enabling a seamless cashless solution that aligns with the growing digital economy.”

The CEO of Mbank, Mohammed Wassim Khayata, added: “We are delighted to partner with Air Arabia to offer their customers a convenient and secure way to pay for flights online with AE Coin.”

“Air Arabia’s excellent reputation for customer service and their large customer base make them the ideal partner for launching Mbank’s innovative digital payment technology.”

Ramez Rafeek, General Manager of AED Stablecoin, said: “We are pleased to see AE Coin included in Air Arabia’s payment system, making it easier for people to travel and enjoy new experiences.”

“This move by Air Arabia will encourage other organizations in the travel industry to introduce digital currency options, which is a natural progression in today’s technological landscape.”

The partnership has enhanced digital payments in aviation. Moreover, the decision to use AE Coin aids Air Arabia in advancing its ambition to deliver cutting-edge payment solutions for customers and plays a pivotal role in helping the UAE achieve its goal of a modern and digital financial environment.

With the new AE Coin method, passengers can pay for their flights quickly and easily. This partnership with Mbank and the new use of AE Coin are major steps in building a digital economy in the UAE.