Air Arabia has become the first airline in the region to accept cryptocurrency payments for flight bookings. This innovation comes through a partnership with Al Maryah Community Bank (Mbank), enabling customers to pay using AE Coin via the AEC Wallet App. AE Coin is a stablecoin pegged 1:1 to the UAE Dirham, ensuring secure, stable, and cost-effective transactions.
By integrating AE Coin into its payment options, Air Arabia offers passengers a new and convenient way to book flights. Customers can select the AEC Wallet payment option on the airline’s website, reflecting the UAE’s commitment to building a digital-first economy.
Leadership Comments on Digital Innovation
Adel Al Ali, Group CEO of Air Arabia, expressed pride in the partnership with Mbank. He said, “Introducing AE Coin as a secure and innovative payment option strengthens our digital transformation efforts. This collaboration highlights our commitment to enhancing the customer experience through smart technology solutions.”
Mohammed Wassim Khayata, CEO of Mbank, echoed this enthusiasm. He stated, “Partnering with Air Arabia supports our mission to provide accessible and affordable digital payment options. Together, we are advancing the UAE’s vision of an inclusive, digitally empowered financial ecosystem.”
Ramez Rafeek, General Manager of AED Stablecoin, called the partnership a milestone. “By integrating AE Coin into flight bookings, we simplify payments for travellers and promote cashless solutions aligned with the digital economy’s growth. Air Arabia’s adoption of digital payments is a significant step toward wider cryptocurrency acceptance in the region.”
Pioneering Digital Payment Solutions in Aviation
This partnership underscores Air Arabia’s commitment to embracing innovative technologies and enhancing customer flexibility. It also sets a precedent for the aviation industry, encouraging further adoption of digital currencies. The integration of AE Coin supports a seamless, secure, and transparent booking process while advancing the UAE’s broader goals for digital financial inclusion.
