Air Arabia has become the first airline in the Middle East and North Africa to accept stablecoin payments for flight bookings.
The low-cost carrier announced a partnership with Al Maryah Community Bank (Mbank), enabling customers to use AE Coin through the AEC Wallet App.
AE Coin is the UAE’s first AED-backed stablecoin, pegged 1:1 with the dirham. It offers a digital payment alternative that supports the UAE’s broader shift toward a cashless, digital-first economy. The coin aims to provide price stability, security, and lower transaction fees.
AEC Wallet
Travellers booking flights on Air Arabia’s website can now choose the AEC Wallet at checkout, marking a significant step in the airline’s digital transformation.
“We are proud to partner with Mbank to introduce AE Coin as a secure and innovative payment option for our customers,” said Adel Al Ali, Group Chief Executive Officer of Air Arabia.
“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.”
Support for UAE’s digital goals
Mohammed Wassim Khayata, CEO of Mbank, said the collaboration supports the country’s vision for an inclusive, digital financial ecosystem.
“Air Arabia’s strong reputation as a leading low-cost carrier operator aligns perfectly with our mission to provide accessible, secure, and affordable digital payment solutions to our community,” he said.
Broader adoption of digital currency
Ramez Rafeek, General Manager of AED Stablecoin, described the move as “a key milestone for AE Coin” that could lead to wider use of digital currency across sectors.
“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,” he added.
tanvir@dubainewsweek.com
