Ripple Payments Go Live in UAE’s Major Remittance Hub After Dubai License

Ripple has officially launched its blockchain-powered cross-border payment solution in the UAE. After securing a key license from the Dubai Financial Services Authority (DFSA), the company goes live. On May 19, it also announced that Zand Bank and Mamo are now live on Ripple Payments. This rollout marks a major leap for financial technology in one of the world’s most active remittance markets. Ripple is delivering 24/7, transparent, and fast global payments through a secure blockchain network. With local and global support, the service aims to simplify international money transfers for banks, fintechs, and consumers. Let’s know more information on Ripple’s growth in the UAE

A Milestone Moment for Ripple in the UAE

The UAE is rapidly becoming a hub for digital finance, and Ripple is stepping in at the right time. With over a decade of experience in digital asset infrastructure, the company has established itself as a leader in the field. It is now offering real-time cross-border payments in the region. The DFSA license, awarded in March 2025, allows Ripple to manage transactions end-to-end. This includes sending and settling payments globally in just minutes. It removes the traditional roadblocks of high fees, long delays, and lack of clarity.

According to Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, this license enables Ripple to serve UAE users. “Zand Bank and Mamo going live is a clear sign of how fast the momentum is building,” he said.

Zand Bank Drives Innovation with Ripple

The UAE’s first fully digital bank with a commercial license is Zand Bank. It is taking a bold step by adopting Ripple Payments. The bank is committed to rethinking how global money movement should work, seamless, secure, and efficient. As part of its broader strategy, Zand Bank is preparing to introduce an AED-backed stablecoin. This new asset will support real-time transactions and digital settlement. While strengthening the bank’s commitment to blockchain and AI-powered financial tools.

Chirag Sampat, Head of Treasury and Markets at Zand Bank, emphasized the partnership’s value. “Our collaboration with Ripple lets us offer smarter global payment solutions to our clients. It’s about moving money in a way that matches the speed of business.”

Mamo Enhances Cross-Border Access

Mamo, a homegrown fintech startup in the UAE, has also gone live on Ripple Payments. With a focus on small businesses and individual users, Mamo is using Ripple’s infrastructure. It aids in cross-border transfers faster and more accessible. The company believes this integration will help local entrepreneurs scale confidently, in the region and globally. Imad Gharazeddine, CEO and co-founder of Mamo. said, “We’re building for the next million businesses that will call the UAE home,”. “Ripple helps us deliver global payments that are as easy as local ones.” This move supports the UAE’s ambition to lead in digital payments, with Mamo now offering seamless money movement across borders.

UAE Becomes a Global Blockchain Payments Hub

Going live in the UAE, Ripple has strengthened its global network and shown its long-term commitment to the region. Ripple Payments is now active in over 90 markets. It is covering more than 90% of the daily foreign exchange volume worldwide. The company has processed over $70 billion through its network, serving traditional banks and crypto-native firms. With operations already live in the U.S., Brazil, Australia, Mexico, and Switzerland, the UAE now joins the list.

A recent Ripple report revealed that 64% of finance leaders in the Middle East and Africa see faster payments. Ripple Payments, now live in the UAE, is delivering exactly that. Ripple Payments going live in the UAE is more than a product launch. It’s a signal of where global finance is heading. With Zand Bank and Mamo on board, Ripple is reshaping how money moves across borders: instantly, securely, and without friction. The UAE is quickly becoming a global leader in digital finance, and Ripple is helping to power that journey.

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments