Network International Partners with Al Maryah Local Bank to Enable AE Coin Payments in the UAE
Network International, the leading fintech and payments company in the Middle East and Africa, has signed a Memorandum of Understanding (MoU) with Al Maryah Local Bank to support regulated stablecoin payments in the United Arab Emirates by enabling acceptance of AE Coin as a payment method. With this move, Network International becomes the first payments platform in the UAE to integrate regulated stablecoin payments.
Under the partnership, AE Coin—the UAE’s first stablecoin licensed by the Central Bank of the UAE, fully backed and pegged to the UAE dirham—will be integrated into Network International’s point-of-sale (POS) and e-commerce payment platforms. This will allow merchants to seamlessly accept AE Coin across both physical and digital payment channels.
The initiative aligns with Network International’s broader strategy to expand its digital payments ecosystem and reinforce its market leadership by supporting next-generation alternative payment methods in the UAE. The company continues to position itself at the forefront of fintech innovation by enabling regulated dirham-backed stablecoin acceptance.
Through this collaboration, Network International merchants will be able to offer AE Coin (AEC) as a secure, innovative, and convenient payment option, providing customers with greater flexibility when paying for goods and services.
Commenting on the partnership, Murad Cagri Suzer, Group CEO of Network International, said:
“As the first payments platform to support regulated stablecoin acceptance in the UAE, our collaboration with Al Maryah Local Bank marks a major milestone in bringing AE Coin into everyday commercial transactions. Our payments infrastructure enables secure and compliant acceptance of AE Coin across POS and e-commerce channels, offering businesses and consumers greater choice while accelerating adoption of next-generation payment solutions.”
Mohammed Waseem Khayyata, CEO of Al Maryah Local Bank, added:
“This partnership represents a significant step toward integrating regulated digital payments into daily commerce in the UAE. By enabling AE Coin acceptance through the AEC wallet, we are expanding access to secure and compliant payment options while supporting innovation aligned with regulatory frameworks.”