Ripple payments has announced that Zand Bank and fintech platform Mamo have become first UAE-based institutions to adopt its blockchain-enabled bills solution. The circulation follows Ripple’s receipt of a licence from the Dubai Financial Services Authority (DFSA), which allows the firm to offer virtual asset services in the Dubai International Financial Centre (DIFC).
With the DFSA licence secured in March 2025, Ripple now has the regulatory clearance to work its bill service in the UAE, permitting it to provide end-to-end cross-border transaction skills to nearby clients. The company infrastructure supports international fund transfers and facilitates settlements.
Ripple payments focus on cross-border bills
Zand Bank, a virtual bank working with a complete banking licence, is the first establishment in the vicinity to enroll for Ripple’s network. According to Zand Bank officers, the partnership helps their approach to integrate technology like blockchain and artificial intelligence into their economic services. The bank is also getting ready to issue an AED-subsidized stablecoin meant to streamline digital transactions in the UAE.
Meanwhile, representatives from Mamo said that their collaboration with Ripple is aim to aid international bills for nearby organisations and consumers. They mentioned that the UAE’s projected growth demands fee structures that are scalable and reachable.
Payment network expands with Zand Bank and Mamo
Ripple payments platform leverages blockchain and digital assets to facilitate global transactions. The company claims its solution can handle numerous inefficiencies in legacy systems, consisting of gradual settlement speeds, high charges, and limited transparency.
The company currently operates its payment services across a number of markets, including the US, Brazil, Mexico, Australia, Switzerland, and now Dubai.
Ripple officials stated developing demand from crypto-native companies and traditional financial institutions in the Middle East. Findings from its inner 2025 New Value Report suggest that nearly -thirds of economic leaders in the Middle East and Africa view quicker agreement times as the main component for integrating blockchain-based currencies into their cross-border charge operations.
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