Ripple Strengthens Middle East Presence Through UAE Partnerships

Ripple has expanded its presence in the Middle East by partnering with two UAE-based financial institutions Zand Bank and Mamo. In a statement released on Monday, Ripple confirmed that both companies have integrated its blockchain-powered Ripple Payments system. These partnerships aim to boost the efficiency of cross-border transactions within the UAE’s rapidly growing financial ecosystem.

Zand Bank to Launch Stablecoin Using Ripple Technology

Zand Bank, known as the UAE’s first fully digital and commercially licensed bank, has embraced Ripple’s technology to streamline remittances. This move highlights Zand’s commitment to blockchain innovation. In addition, the bank plans to launch a stablecoin pegged to the Emirati Dirham (AED), signaling a bold step toward digital asset integration within the traditional banking sector.

Meanwhile, Mamo, a rising fintech company headquartered in the UAE, will utilize Ripple Payments to provide its customers with quick, low-cost, and reliable international money transfers. With a focus on user-friendly financial solutions, Mamo’s integration of Ripple’s institutional-grade technology further positions it as a forward-thinking player in the Gulf fintech space.

Ripple USD Integration Sparks Broader Adoption

In April, Ripple introduced its Ripple USD (RLUSD) stablecoin to enhance inter-regional payment capabilities. This addition not only increased the flexibility of Ripple Payments but also spurred discussions about the evolving role of XRP within the ecosystem. The inclusion of RLUSD supports Ripple’s ongoing strategy to reinforce its cross-border transaction framework.

Ripple made headlines in March by becoming the first blockchain payment provider to obtain a license from the Dubai Financial Services Authority (DFSA). This regulatory approval significantly accelerated Ripple’s business operations across the Gulf region. With access to the UAE’s $400 billion economy and a $40 billion remittance market, Ripple continues to solidify its regional footprint.

Ripple’s Strategic Engagement With UAE Stakeholders

Ripple’s regional expansion is also driven by high-level engagements. During the 2025 Fintech Summit in Dubai, Ripple President Monica Long met with Emirates Group Chairman Ahmed bin Saeed to discuss further collaboration. These strategic discussions reflect growing local interest in blockchain solutions from both traditional banks and emerging crypto firms.

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Ripple has steadily built its Middle Eastern presence since opening its regional headquarters in Dubai in 2020. In 2024, it partnered with the Dubai International Financial Center (DIFC) Innovation Hub to promote early-stage crypto adoption. Today’s new partnerships with Zand Bank and Mamo mark another milestone in Ripple’s long-term vision for the region.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.