e& UAE has teamed up with Al Maryah Community Bank to explore using AE Coin, a Central Bank licensed AED-backed stablecoin, for everyday digital payments. Under this agreement, AE Coin could soon be used to pay mobile and home service bills, recharge prepaid and postpaid plans, and make purchases across e&’s digital platforms and smart self service systems. The goal is to bring instant settlement, transparency, and secure blockchain based payments into services used by millions. e& Group CEO Hatem Dowidar said this move sets a new standard for regulated digital finance by giving customers more choice, trust, and speed. Al Maryah Community Bank added that the initiative will expand real world use cases for regulated virtual assets, while the AE Coin team highlighted it as a major step in showing how licensed stablecoins can support essential consumer services. Overall, this collaboration aligns with the UAE’s push toward a digital economy and a long term vision for a cashless, blockchain powered future.
