e& UAE, United Arab Emirates’ telecom giant, has signed a memorandum of understanding with Al Maryah Community Bank to trial AE Coin, a Central Bank-licensed stablecoin, as a payment option across the telco’s services.

According to company statements, the plan would let customers use an AED-backed token to pay for mobile and home-service bills, prepaid and postpaid recharges, and purchases on e& digital platforms.

Integration Across Consumer Touchpoints

Reports have disclosed that e& Group aims to plug AE Coin into its existing payment systems. The move would add the stablecoin as an alternative to cards and bank transfers on e&’s mobile apps and at smart self-service kiosks.

e& UAE’s CEO, Hatem Dowidar, said the partnership with Al Maryah Community Bank will allow “instant settlem

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