Air Arabia and Mbank Join Forces to Offer Digital Payments via AE Coin

• Air Arabia partners with Mbank, allowing AE Coin payments for flights via AEC Wallet App.
• AE Coin, the UAE’s first AED-backed stablecoin, offers stability and low transaction fees.
• The partnership aligns with UAE’s digital-first vision, simplifying payments for travelers.

Mbank and Air Arabia have agreed to work together as the Middle East and North Africa’s biggest low-cost airline. This partnership will allow passengers to use AE Coin to pay for flights through the AEC Wallet App. As a result, Air Arabia becomes the only airline in the region to allow payments in stablecoins, offering a secure, fast, and seamless travel payment experience.

UAE’s First Stablecoin for Seamless Travel Payments

AE Coin is the first stablecoin in the UAE that is supported by the AED. Stable prices and low costs result from the fact that it matches the UAE Dirham 1:1. Air Arabia customers can pay for flights with AE Coin when completing a booking on the company’s website. This option aligns perfectly with the UAE’s commitment to embracing new technology and building a modern digital economy.

Adel Al Ali, CEO of Air Arabia, pointed out that the decision is proof of…

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