Ripple Shakes Up UAE with New Power Players Zand Bank and Mamo!

Ripple's Big Move: New Partnerships with Zand Bank and Mamo

Ripple's making waves in the UAE by teaming up with Zand Bank and the fintech hotshot Mamo. These new allies are diving into Ripple's blockchain-powered cross-border payment platform. It's all happening now, and it's a game-changer!

Ripple's Middle East Expansion: A Timeline

Just announced on May 19, this move follows Ripple's aggressive push into the Middle East. Remember back in March 2025? Ripple snagged full licensing from the Dubai Financial Services Authority, becoming the first blockchain payment company to do so. Now, they're fully operational in the Dubai International Financial Center, and they're not stopping there!

Ripple Payments: Revolutionizing Transfers in the UAE

Zand Bank and Mamo are now rocking Ripple Payments, tapping into a global network of payout partners. They're using blockchain and digital assets to make international transfers faster, cheaper, and way more transparent. This isn't just a partnership; it's a sign of the times, showing how much the region craves efficient, blockchain-powered payment solutions.

Ripple Payments Goes Live in the UAE: A Tweet That Says It All

Ripple Payments is on fire in the UAE! 🇦🇪 Following our DFSA license, Zand Bank and MamoPay are live, bringing 24/7 blockchain-powered cross-border payments to a top remittance hub. It's happening, people!

Ripple's Managing Director on the UAE's Blockchain Boom

“With our new DFSA license, we're managing payments end-to-end in the UAE—moving funds globally, 24/7, with near-instant settlement,” says Reece Merrick, Ripple’s Managing Director for the Middle East and Africa. He's all in on the demand for efficient, blockchain-based alternatives to those old-school payment rails.

Zand Bank: Leading the Charge with Blockchain

Zand Bank, the UAE's first fully digital bank with a banking license, is all about this partnership. It fits right into their mission to deliver top-notch blockchain solutions and digital asset services. And get this—they're planning to launch a stablecoin backed by AED to speed up both local and international transactions!

Mamo: Simplifying Global Payments for UAE's People and Businesses

Mamo, a fintech all about the consumer, is pumped about this deal. It's all about making global payments easier for UAE-based businesses and individuals. CEO Imad Gharazeddine is confident that Ripple's blockchain-powered settlements will help UAE businesses grow internationally "with confidence."

Ripple's Broader Strategy in the UAE: Stablecoins and Crypto Brokerage

This expansion is just part of Ripple's bigger plan in the region. They're in deep talks with UAE regulators about stablecoin policy and integrating blockchain into the national finance infrastructure. Plus, they're gearing up for the Abu Dhabi launch of Hidden Road, the crypto brokerage they snagged for $1.25 billion back in April.

Ripple's Global Impact: Numbers That Speak Volumes

With $70 billion in transactions through Ripple Payments and over 60 regulatory nods worldwide, Ripple's not just playing; they're leading the game as a major infrastructure provider for blockchain-based financial services. And get this—over 60% of finance leaders in the Middle East and Africa see faster settlement as the key to adopting blockchain in payments. It's a revolution, and Ripple's at the forefront!