Latest news with #AEcoin
Gulf Business
27-05-2025
- Business
- Gulf Business
Flying soon? Air Arabia just introduced a smarter way to pay
Image credit: WAM/Website Air Arabia and Al Maryah Community Bank (Mbank) have partnered to enable the use of AE Coin payments for flight bookings through the AEC Wallet App. Read- Air Arabia is the Middle East and North Africa's first and largest low-cost carrier (LCC), and Al Maryah Community Bank (Mbank) is the UAE's first fully integrated digital bank. This collaboration makes Air Arabia the first airline in the region to offer stablecoin-based payments, underscoring the carrier's commitment to offering innovative digital solutions to its customer base, As the UAE's first AED-backed stablecoin, AE Coin is pegged 1:1 to the UAE Dirham, ensuring price stability, security, and low transaction fees. With this integration, Air Arabia customers can now select the AEC Wallet at checkout when booking through the airline's website, offering a convenient new payment alternative aligned with the UAE's vision of a digital-first economy. 'We are proud to partner with Mbank to introduce AE Coin as a secure and innovative payment option for our customers. At Air Arabia, we are committed to embracing digitalization across our operations, and this partnership reflects our efforts to enhance the customer experience through technology. The newly introduced payment option through AEC Wallet reflects our ongoing efforts to adopt smart solutions that bring greater value, choice, and flexibility to our growing customer base,' said Adel Al Ali, Group Chief Executive Officer of Air Arabia. 'We are proud to partner with Air Arabia to offer AE Coin as a payment option for travelers. Air Arabia's strong reputation as a leading low-cost carrier serving a diverse customer base aligns perfectly with our mission to provide accessible, secure, and affordable digital payment solutions to our community. Through this partnership, we are not only enhancing the booking process but also contributing to the UAE's broader goal of creating a truly inclusive, digitally empowered financial ecosystem,' commented Mohammed Wassim Khayata, CEO of Mbank.
Zawya
27-05-2025
- Business
- Zawya
Air Arabia, Mbank transform air travel payments with AE Coin
SHARJAH: Air Arabia, the Middle East and North Africa's first and largest low-cost carrier (LCC) operator, and Al Maryah Community Bank (Mbank), the UAE's first fully integrated digital bank, have partnered to enable the use of AE Coin payments for flight bookings through the AEC Wallet App. This collaboration makes Air Arabia the first airline in the region to offer stablecoin-based payments, underscoring the carrier's commitment to offering innovative digital solutions to its customer base. As the UAE's first AED-backed stablecoin, AE Coin is pegged 1:1 to the UAE Dirham, ensuring price stability, security, and low transaction fees. With this integration, Air Arabia's customers can now select the AEC Wallet at checkout when booking via Arabia's website, offering a new convenient payment alternative that align with the UAE's vision of a digital-first economy. Adel Al Ali, Group Chief Executive Officer, Air Arabia said: 'We are proud to partner with Mbank to introduce AE Coin as a secure and innovative payment option for our customers. At Air Arabia, we are committed to embracing digitalization across our operations, and this partnership reflects our efforts to enhance our customer experience through technology. The newly introduced payment option through AEC Wallet reflects our ongoing efforts to adopt smart solutions that bring greater value, choice and flexibility to our growing customer base.' Mohammed Wassim Khayata, CEO of Mbank, commented: 'We are proud to partner with Air Arabia to offer AE Coin as a payment option for travelers. Air Arabia's strong reputation as a leading low-cost carrier operator serving a diverse customer base aligns perfectly with our mission to provide accessible, secure, and affordable digital payment solutions to our community. Through this partnership, we are not only enhancing the booking process but also contributing to the UAE's broader goal of creating a truly inclusive, digitally empowered financial ecosystem.'
Arabian Business
26-05-2025
- Business
- Arabian Business
Air Arabia now accepting cryptocurrency payments for flights
Air Arabia will allow passengers to book flights using cryptocurrency as payments. Air Arabia and Al Maryah Community Bank (Mbank) have partnered to enable the use of AE Coin payments for flight bookings through the AEC Wallet App. This collaboration makes Air Arabia the first airline in the region to offer stablecoin-based payments, underscoring the carrier's commitment to offering innovative digital solutions to its customer base. Air Arabia crypto flight tickets As the UAE's first AED-backed stablecoin, AE Coin is pegged 1:1 to the UAE Dirham, ensuring price stability, security, and low transaction fees. With this integration, airline customers can now select the AEC Wallet at checkout when booking via Arabia's website, offering a new convenient payment alternative that align with the UAE's vision of a digital-first economy. Adel Al Ali, Group CEO at the airline, said: 'We are proud to partner with Mbank to introduce AE Coin as a secure and innovative payment option for our customers. At Air Arabia, we are committed to embracing digitalization across our operations, and this partnership reflects our efforts to enhance our customer experience through technology. 'The newly introduced payment option through AEC Wallet reflects our ongoing efforts to adopt smart solutions that bring greater value, choice and flexibility to our growing customer base.' Mohammed Wassim Khayata, CEO of Mbank, said: 'We are proud to partner with Air Arabia to offer AE Coin as a payment option for travelers. Air Arabia's strong reputation as a leading low-cost carrier operator serving a diverse customer base aligns perfectly with our mission to provide accessible, secure, and affordable digital payment solutions to our community. 'Through this partnership, we are not only enhancing the booking process but also contributing to the UAE's broader goal of creating a truly inclusive, digitally empowered financial ecosystem.' Ramez Rafeek, General Manager of AED Stablecoin, added: 'This partnership with Air Arabia is a key milestone for AE Coin as it makes digital currency even more accessible to everyday consumers. By integrating AE Coin into flight bookings, we are simplifying the payment experience for travellers and enabling a seamless cashless solution that aligns with the growing digital economy. 'Air Arabia's leadership in adopting digital payment solutions within the aviation industry is an exciting development that will set the stage for wider adoption of digital currencies in the region.'
Trade Arabia
26-05-2025
- Business
- Trade Arabia
Air Arabia, Mbank deal for air travel payments with AE Coin
Air Arabia, the Middle East and North Africa's first and largest low-cost carrier (LCC) operator, and Al Maryah Community Bank (Mbank), the UAE's first fully integrated digital bank, have partnered to enable the use of AE Coin payments for flight bookings through the AEC Wallet App. This collaboration makes Air Arabia the first airline in the region to offer stablecoin-based payments, underscoring the carrier's commitment to offering innovative digital solutions to its customer base. As the UAE's first AED-backed stablecoin, AE Coin is pegged 1:1 to the UAE Dirham, ensuring price stability, security, and low transaction fees. With this integration, Air Arabia's customers can now select the AEC Wallet at checkout when booking via Arabia's website, offering a new convenient payment alternative that align with the UAE's vision of a digital-first economy. Adel Al Ali, Group Chief Executive Officer, Air Arabia said: 'We are proud to partner with Mbank to introduce AE Coin as a secure and innovative payment option for our customers. At Air Arabia, we are committed to embracing digitalization across our operations, and this partnership reflects our efforts to enhance our customer experience through technology. The newly introduced payment option through AEC Wallet reflects our ongoing efforts to adopt smart solutions that bring greater value, choice and flexibility to our growing customer base.' Mohammed Wassim Khayata, CEO of Mbank, commented: 'We are proud to partner with Air Arabia to offer AE Coin as a payment option for travelers. Air Arabia's strong reputation as a leading low-cost carrier operator serving a diverse customer base aligns perfectly with our mission to provide accessible, secure, and affordable digital payment solutions to our community. Through this partnership, we are not only enhancing the booking process but also contributing to the UAE's broader goal of creating a truly inclusive, digitally empowered financial ecosystem.' Ramez Rafeek, General Manager of AED Stablecoin, added: 'This partnership with Air Arabia is a key milestone for AE Coin as it makes digital currency even more accessible to everyday consumers. By integrating AE Coin into flight bookings, we are simplifying the payment experience for travelers and enabling a seamless cashless solution that aligns with the growing digital economy. Air Arabia's leadership in adopting digital payment solutions within the aviation industry is an exciting development that will set the stage for wider adoption of digital currencies in the region.' -TradeArabia News Service
