Air Arabia Partners With Mbank To Offer AE Coin Payments For Flights

Air Arabia, the largest low-cost carrier in the Middle East and North Africa, has teamed up with Al Maryah Community Bank (Mbank) to introduce AE Coin payments for flight bookings. This collaboration allows customers to use the AEC Wallet App, marking Air Arabia as the first airline in the region to accept stablecoin payments. This initiative highlights Air Arabia's dedication to digital innovation for its customers.

AE Coin is pegged 1:1 to the UAE Dirham, ensuring stability and security with low transaction fees. Customers can now choose the AEC Wallet when booking flights on Air Arabia's website. This offers a convenient payment method that aligns with the UAE's digital-first economy vision.

Adel Al Ali, Group CEO of Air Arabia, stated: "We are proud to partner with Mbank to introduce AE Coin as a secure and innovative payment option for our customers. 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."

The integration of AE Coin into Air Arabia's payment options is part of a broader strategy to adopt smart solutions. This approach aims to provide more value and flexibility for their expanding customer base. The partnership with Mbank is a step towards enhancing customer experience through technology.

Mohammed Wassim Khayata, CEO of Mbank, commented: "We are proud to partner with Air Arabia to offer AE Coin as a payment option for travelers. Air Arabia’s strong reputation as a leading low-cost carrier operator serving a diverse customer base aligns perfectly with our mission to provide accessible, secure, and affordable digital payment solutions."

This collaboration not only improves the booking process but also supports the UAE's goal of fostering an inclusive digital financial ecosystem. By offering AE Coin payments, both companies contribute to creating a digitally empowered community.

The partnership between Air Arabia and Mbank represents a significant move towards integrating digital currency into everyday transactions. It sets a precedent for other airlines in the region to follow suit in adopting innovative payment methods.

With inputs from WAM