Ripple expands blockchain payment network to UAE, partners with Zand and Mamo - Trade Treasury Payments

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Ripple expands blockchain payment network to UAE, partners with Zand and Mamo

Ripple has launched blockchain-enabled cross-border payments in the United Arab Emirates (UAE), in partnership with Zand Bank (a digital bank) and Mamo (a fintech). 

Both institutions will integrate Ripple Payments, which is a platform designed to facilitate global money transfers using cryptocurrencies, stablecoins, and fiat currencies. The partnerships come on the heels of Ripple’s receipt of a licence from the Dubai Financial Services Authority (DFSA) in March 2025, enabling it to offer digital asset services within the Dubai International Financial Centre (DIFC).

Ripple hopes to address persistent frictions in cross-border finance, such as settlement delays and high transaction costs, with its near-instant transaction settlement platform that allows end-to-end payment traceability across jurisdictions.

Based in the UAE, Zand Bank will be one of the first local entities to adopt Ripple’s infrastructure. The bank has confirmed that it is developing an AED-backed stablecoin to support domestic and international digital transactions.

Meanwhile, Mamo, a fintech platform focused on digital payments for businesses and consumers, will use Ripple for its international payments offering. Company representatives cited rising demand for efficient, borderless payment systems as a core rationale for the integration, particularly as the UAE’s SME ecosystem and consumer base become increasingly international in scope.

The UAE launch adds to Ripple’s existing footprint in markets such as the United States, Brazil, Mexico, Australia, and Switzerland. According to Ripple’s New Value Report 2025, 64% of financial executives in the Middle East and Africa identified faster settlement as a primary reason for considering blockchain-based payment solutions.

Ripple officials have pointed to a growing convergence between crypto-native platforms and regulated financial institutions in the region as an indication that demand for blockchain infrastructure is being driven by operational need rather than speculation.