[PRESS RELEASE – Abu Dhabi, United Arab Emirates, June 24th, 2025]
In coordination with the Built-in Transport Middle (ITC) of the Division of Municipalities and Transport, Tawasul Transport, in collaboration with Al Maryah Neighborhood Financial institution (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 fee 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 fee utilizing AE Coin following a accomplished journey in one in all Tawasul’s taxis—a transfer that reinforces Abu Dhabi’s dedication to transitioning towards a digital and sustainable transportation system.
The AEC Pockets provides a easy and safe fee expertise, permitting customers to finish transactions by scanning a QR code contained in the automobile. AE Coin is pegged at a set price of 1 AED = 1 AEC, making certain sturdy monetary stability and constructing belief in digital forex utilization.
The AEC Pockets app is obtainable without spending a dime on the Apple Retailer, Google Play, and Huawei AppGallery. It options an modern consumer expertise targeted on quick transactions, strong safety, and diminished switch prices.
With this initiative, taxi passengers in Abu Dhabi can now profit from a complicated digital fee expertise that aligns with the emirate’s ambitions for digital transformation and strengthens its place as a world hub for fintech and good mobility.
Tawasul Transport:
Mr. Ghena Jbour, Basic Supervisor of Tawasul Transport, acknowledged: “This initiative serves as a mannequin of efficient collaboration between all entities striving for steady growth 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 fulfill the evolving expectations and every day wants of customers.
This step contributes to enhancing the shopper expertise by simplifying the fee course of and offering a number of safe fee 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 are going to 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, stated: “We’re proud to be a part of this modern 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 is not only a digital forex, it’s a key pillar of the UAE’s rising monetary infrastructure, bringing stability and compliance into real-time shopper funds by means of blockchain. Right this moment, we’re introducing a transformative fee expertise, providing prospects a future-forward, cashless, safe, and cost-effective means 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 concentrated on forging future partnerships with companies and authorities entities to develop the adoption of AEC Pockets throughout numerous sectors, revolutionizing digital funds for each shoppers and companies within the UAE.”
AED Stablecoin:
Ramez Rafeek, Basic 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 fee possibility in all Tawasul taxis, we’re demonstrating how digital currencies can combine effortlessly into on a regular basis life. This partnership exemplifies the ability 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 stores throughout the UAE, additional enhancing the shopper 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 accountable 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 planet.
ITC oversees all land, maritime, and aviation transport actions throughout the Emirate, making certain the combination and development of the mobility system in step with city enlargement and inhabitants progress. It additionally strives to harness the newest applied sciences, innovation, and sustainability instruments to fulfill future mobility calls for, improve high quality of life, and redefine city residing 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 top quality, security, and luxury, Tawasul Transport has develop into 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 presently working autonomous autos in assist of good and sustainable mobility initiatives. This strengthens its place as a pioneering firm in adopting future-ready options for contemporary transport programs.
The corporate operates 24/7 all year long, in alignment with the objectives of the Built-in Transport Middle (ITC), the official authority accountable 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 data@tawasul.ae.
About Al Maryah Neighborhood Financial institution
Al Maryah Neighborhood Financial institution (Mbank) is the primary absolutely 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 progress 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 economic system and fostering a forward-thinking tradition that emphasizes innovation and know-how.
For additional data, customers can name 600571111 or contact data@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 concentrate on native funds, decentralized finance, and modern rewards programs, 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
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