Tawasul Transport and Al Maryah Community Bank launch the first digital payment system in taxis using AE Coin

[PRESS RELEASE – Abu Dhabi, United Arab Emirates, June 24th, 2025]

In coordination with the Integrated Transport Center (ITC) of the Division of Municipalities and Transport, Tawasul Transport, in collaboration with Al Maryah Community Bank (Mbank), launched a groundbreaking initiative enabling passengers to pay electronically by way of the AEC Pockets app utilizing the secure digital forex AE Coin throughout all Tawasul taxis within the Emirate of Abu Dhabi.

This milestone is a part of joint efforts to reinforce digital cost options and develop a wise, safe, and seamless transportation expertise. The initiative is the primary of its variety globally to undertake a stablecoin pegged to the UAE dirham for public transport funds.

The launch occasion featured the primary official cost utilizing AE Coin following a accomplished experience in one in every of Tawasul’s taxis—a transfer that reinforces Abu Dhabi’s dedication to transitioning towards a digital and sustainable transportation system.

The AEC Pockets gives a easy and safe cost expertise, permitting customers to finish transactions by scanning a QR code contained in the automobile. AE Coin is pegged at a hard and fast charge of 1 AED = 1 AEC, making certain robust monetary stability and constructing belief in digital forex utilization.

The AEC Pockets app is obtainable free of charge on the Apple Retailer, Google Play, and Huawei AppGallery. It options an progressive person expertise targeted on quick transactions, sturdy safety, and lowered switch prices.

With this initiative, taxi passengers in Abu Dhabi can now profit from a sophisticated digital cost expertise that aligns with the emirate’s ambitions for digital transformation and strengthens its place as a worldwide hub for fintech and sensible mobility.

Tawasul Transport:

Mr. Ghena Jbour, Normal Supervisor of Tawasul Transport, said: “This initiative serves as a mannequin of efficient collaboration between all entities striving for steady improvement inside the built-in transport ecosystem. It reinforces the UAE’s main place in innovation and digital transformation within the transportation sector. At Tawasul Transport, we consider that digital transformation will not be merely an possibility—it’s a necessity to satisfy the evolving expectations and each day wants of customers.

This step contributes to enhancing the client expertise by simplifying the cost course of and offering a number of safe cost choices, in step with Abu Dhabi’s imaginative and prescient of constructing a wise and sustainable transport system. The adoption of AE Coin within the public transport sector displays our dedication to supporting future-focused monetary options that mix know-how, comfort, and sustainability. We’ll proceed working to develop these options to cowl further providers sooner or later.”

Al Maryah Neighborhood Financial institution:

Mr. Mohammed Wassim Khayata, CEO of Mbank, mentioned: “We’re proud to be a part of this progressive collaboration with Tawasul Transport and the Built-in Transport Middle, because it aligns completely with our imaginative and prescient of driving the way forward for digital funds within the UAE. AE Coin isn’t just a digital forex, it’s a key pillar of the UAE’s rising monetary infrastructure, bringing stability and compliance into real-time shopper funds via blockchain. In the present day, we’re introducing a transformative cost expertise, providing prospects a future-forward, cashless, safe, and cost-effective manner to make use of public transport. It’s a step ahead in bringing the UAE’s Digital Authorities Technique 2025 to life.”

He added: “As a part of its strategic roadmap, Mbank is targeted on forging future partnerships with companies and authorities entities to develop the adoption of AEC Pockets throughout varied sectors, revolutionizing digital funds for each shoppers and companies within the UAE.”

AED Stablecoin:

Ramez Rafeek, Normal Supervisor of AED Stablecoin, commented: “The collaboration with Tawasul Transport marks a pivotal second for AE Coin and AEC Pockets. By providing passengers a safe and seamless cost possibility in all Tawasul taxis, we’re demonstrating how digital currencies can combine effortlessly into on a regular basis life. This partnership exemplifies the facility of innovation and cooperation in driving the way forward for digital funds, and we’re thrilled to be on the forefront of this transformation.”

Coming quickly: The AEC Pockets app shall be accepted throughout extra transportation providers, retailers, and shops throughout the UAE, additional enhancing the client expertise and providing extra alternatives to make use of AE Coin in on a regular basis transactions.

About Built-in Transport Centre

The Built-in Transport Centre (ITC), affiliated with the Division of Municipalities and Transport, is the legislative, regulatory, and supervisory authority answerable for managing and creating the transport sector within the Emirate of Abu Dhabi. It formulates insurance policies and frameworks geared toward establishing a wise, protected, and built-in mobility system that helps the Emirate’s aspiration to be among the many most superior cities on the earth.

ITC oversees all land, maritime, and aviation transport actions throughout the Emirate, making certain the mixing and development of the mobility system in step with city growth and inhabitants development. It additionally strives to harness the most recent applied sciences, innovation, and sustainability instruments to satisfy future mobility calls for, improve high quality of life, and redefine city dwelling requirements by embedding superior options and selling sustainable mobility practices.

About Tawasul Transport

Tawasul Transport Firm, established in 2007, is a number one supplier of taxi providers within the Emirate of Abu Dhabi. With a fleet recognized for its prime quality, security, and luxury, Tawasul Transport has turn out to be a trusted supplier of public transport providers, dedicated to making sure buyer satisfaction.

As a part of its dedication to innovation and shaping the way forward for transportation, Tawasul Transport is at present working autonomous automobiles in assist of sensible and sustainable mobility initiatives. This strengthens its place as a pioneering firm in adopting future-ready options for contemporary transport methods.

The corporate operates 24/7 all year long, in alignment with the targets of the Built-in Transport Middle (ITC), the official authority answerable for regulating and managing public transport providers within the Emirate. Tawasul actively contributes to realizing Abu Dhabi’s imaginative and prescient of constructing a wise, protected, and sustainable transport ecosystem that meets neighborhood wants and retains tempo with future aspirations.

For extra data, customers can name 02 444 3673 or contact information@tawasul.ae.

About Al Maryah Neighborhood Financial institution

Al Maryah Neighborhood Financial institution (Mbank) is the primary totally built-in digital financial institution within the UAE, offering an omnichannel expertise for each particular person shoppers and small companies. The financial institution is very specialised, specializing in development and serving the UAE neighborhood, which incorporates UAE Nationals, residents, and companies (each SMEs and corporates). The financial institution’s imaginative and prescient aligns with that of the UAE’s leaders, who’re dedicated to supporting people and small companies inside the UAE financial system and fostering a forward-thinking tradition that emphasizes innovation and know-how.

For additional data, customers can name 600571111 or contact info@mbankuae.com.

About AE Coin

AE Coin is a next-generation secure digital forex regulated by the Central Financial institution of the UAE, providing safe, clear, and environment friendly monetary providers. With a give attention to native funds, decentralized finance, and progressive rewards methods, AE Coin is redefining the way in which customers work together with digital cash. Headquartered in Abu Dhabi, UAE, AE Coin leads the area in digital finance innovation.

Web site: www.aecoin.com