Latest news with #AdelAlAli
What's On
4 days ago
- Business
- What's On
You can now pay for Air Arabia flights with crypto in the UAE
Crypto just took off… Paying for your next flight just got a little more futuristic. If you're the kind of traveller who's into crypto and keen on finding smart ways to spend it, this one's for you. Crypto check-in begins now Air Arabia is officially the first airline in the region to accept payments via stablecoin – specifically, AE Coin. The budget-friendly Sharjah-based airline has teamed up with Mbank, the UAE's first fully digital bank, to roll this out. AE Coin 101 Think of AE Coin as digital dirhams. It's a stablecoin, which means it's pegged 1:1 to the UAE dirham – so it doesn't fluctuate like Bitcoin or Ethereum. That makes it secure, predictable, and practical for everyday payments. It's also designed to keep transaction fees low. How it works To book your flight, all you need to do is pay through the AEC Wallet App while checking out on the Air Arabia website. Why it matters Stablecoins are booming, and AE Coin is the UAE's first of its kind. This move doesn't just add convenience – it fits neatly into the country's wider vision of becoming a leader in digital finance. Adel Al Ali, Group CEO of Air Arabia, calls it part of their mission to bring tech-driven value and flexibility to travellers. Not just for crypto fans You don't need to be deep into Web3 to use AE Coin. If you've got the AEC Wallet App, you're ready to go. And with more UAE companies jumping into stablecoins, this might just be the first of many mainstream crypto rollouts. So next time you're planning a getaway, your wallet doesn't need to be leather – it just needs to be digital. More than just a flight This isn't just about booking flights with a new payment method. It's a step towards a smarter, more inclusive financial ecosystem, as Mbank's CEO Mohammed Wassim Khayata explains. The collaboration brings together budget travel and forward-thinking finance – So if you've been holding AE Coin and waiting for a good excuse to use it, here's your sign. Image: > Sign up for FREE to get exclusive updates that you are interested in
Gulf Business
5 days ago
- 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
5 days ago
- 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.'
Sharjah 24
5 days ago
- Business
- Sharjah 24
Air Arabia, Mbank transform air travel payments with AE Coin
Innovation in digital payment solutions 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. AE Coin: AED-backed stablecoin 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 aligns with the UAE's vision of a digital-first economy. Air Arabia's commitment to smart travel 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.' Mbank's role in building a digital economy 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
5 days ago
- 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.'
