Mbank & 7X Transform UAE Payments with AE Coin Integration
The UAE is taking another major leap toward a future-ready digital economy as Al Maryah Community Bank (Mbank) and 7X, one of the nationās leading trade, logistics, and transport groups, announce a groundbreaking partnership to integrate blockchain-powered payments into the UAEās logistics and e-commerce ecosystem. This collaboration will introduce AE Coin, the countryās first AED-pegged stablecoin licensed by the Central Bank of the UAE, into everyday payment channels across postal, courier, logistics, and digital platforms.
As the UAE continues shaping itself into a global hub for innovation and financial technology, this initiative reinforces the countryās commitment to secure, transparent, and instant digital transactions. It also marks one of the most significant real-world applications of stablecoin technology in the region.
A New Era of Digital Payments in UAE Logistics
With AE Coin integration, customers across the 7X network will soon be able to pay for multiple services ā from courier deliveries and postal operations to e-commerce fulfillment and digital logistics solutions ā using a regulated, blockchain-based currency. AE Coinās stability, being pegged to the UAE dirham, ensures reliability while offering the speed and efficiency of blockchain settlements.
The initiative supports the UAEās wider digital economy agenda, which aims to strengthen the nationās leadership in fintech, increase financial inclusion, and elevate customer experiences across all sectors.
Empowering Payment Innovation Across the 7X Network
Tariq Al Wahedi, Group CEO of 7X, highlighted how the partnership connects digital finance with the UAEās vast logistics infrastructure. He described digital payments as a natural extension of the systems that move goods and services across the country daily.
By combining AE Coin's fully regulated, AED-backed architecture with the extensive reach of the 7X logistics network, customers and merchants will benefit from:
Faster transaction settlement
Enhanced payment security
Improved convenience and accessibility
Lower transaction costs
Greater opportunities for SMEs and online merchants
Al Wahedi emphasized that the collaboration aligns perfectly with the UAEās vision for a cashless, technology-driven economy. Not only does it enhance efficiency and customer experience, but it also opens new opportunities for businesses to participate in a rapidly evolving digital marketplace.
Mbankās Role in Shaping the Future of Digital Finance
Mohammed Wassim Khayata, CEO of Mbank, said the partnership represents a major milestone for the UAEās financial sector. By enabling AE Coin usage across nationwide postal and logistics services, the initiative bridges the gap between blockchain technology and real-world applications.
He emphasized that the collaboration supports the UAEās mission to build a smart, digitally enabled economy, adding that customers and businesses will enjoy:
Faster settlement speeds
Reduced transaction fees
Secure and compliant blockchain payments
Khayata noted that Mbankās blockchain-powered AEC Wallet will play a central role, allowing individuals, SMEs, and corporates to seamlessly use AE Coin for everyday transactions.
Driving Stablecoin Adoption Under a Robust Regulatory Framework
Ramez Rafeek, General Manager of AED Stablecoin LLC, acknowledged the partnership as a transformative step for stablecoin adoption in the UAE. The integration of AE Coin into logistics, e-commerce, and digital systems enhances transparency, improves transaction speeds, and reduces operational costs for businesses and consumers.
He added that the initiative strengthens the UAEās global position as a pioneer in financial technology, showcasing how stablecoins can operate safely and successfully under a regulated environment.
Strengthening UAEās Smart Logistics and Digital Services
The partnership also aligns with 7Xās broader strategy to elevate its technology-driven portfolio. This includes subsidiaries and platforms such as:
NXN ā UAEās National Network for logistics
EMX ā 7Xās logistics and freight arm
FINTX ā fintech solutions provider
EDC ā digital transformation solutions
Emirates Post ā UAEās national postal operator
Waslah and Wayn ā leading digital logistics and postal platforms
By integrating AE Coin across these services, the UAE moves closer to a seamless digital payment ecosystem that supports efficient operations and exceptional customer experiences.
Phased Nationwide Rollout of AE Coin Payments
The introduction of AE Coin will occur through a phased rollout across the UAE, ensuring smooth implementation and scalability. Customers will be able to transact using the AEC Wallet, which offers secure, instant, and blockchain-enabled payments designed for individuals and businesses alike.
As the UAE accelerates its journey toward becoming a fully digital economy, the Mbankā7X partnership stands as a landmark moment in combining financial innovation with logistics infrastructure ā setting new standards for speed, security, and technological advancement.
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