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Abu Dhabi, United Arab Emirates, June 24, 2025, Chainwire – in coordination with the Integrated transport center (ITC) of the department of municipalities and transport, Tawasul transportin collaboration with Community bank Al Maryah (MBANK), launched a revolutionary initiative allowing passengers to pay electronically via the AEC WALLET application using the AE stable digital currency on all TAWASUL taxis of the Emirate of Abu Dhabi.
This step is part of the joint efforts to improve digital payment solutions and develop an intelligent, secure and transparent transport experience. The initiative is the first of its kind on a global scale to adopt a stablecoin fixed to the United Arab Emirates for public transport payments.
The launch event presented the first official payment using AE Coin after driving completed in one of the Tawasul taxis – a decision that strengthens Abu Dhabi’s engagement to move on to a digital and sustainable transport system.
The AEC portfolio offers a simple and secure payment experience, allowing users to complete transactions by scanning a QR code inside the vehicle. AE Coin is set at a fixed rate of 1 AED = 1 AEC, guaranteeing strong financial stability and strengthens confidence in the use of digital currency.
The AEC Wallet app is available for free on the Apple Store, Google Play and Huawei Appgallery. It offers an innovative user experience focused on rapid transactions, robust safety and reduced transfer costs.
With this initiative, taxi passengers in Abu Dhabi can now benefit from advanced digital payment experience that aligns with emirate’s ambitions for digital transformation and strengthens its position as a global hub for Finch mobility and smart mobility.
Tawasul transport:
Mr. Ghena Jbour, director general of Tawasul Transport, said: “This initiative serves as an effective collaboration model between all the entities that strive to develop continuous development within the integrated transport ecosystem.
This step contributes to improving the customer experience by simplifying the payment process and by offering several secure payment options, in accordance with the vision of Abu Dhabi to build an intelligent and sustainable transport system. The adoption of the Part EN in the public transport sector reflects our commitment to support financial solutions focused on future that combines technology, convenience and sustainability. We will continue to work to extend these solutions to cover additional services in the future. »»
Community bank al Maryah:
Mr. Mohammed Wassim Khayata, CEO of Mbank, said: “We are proud to be part of this innovative collaboration with Tawasul Transport and the integrated transport center, because he aligns perfectly with our vision of the conduct of the future of digital payments in the United Arab Emirates. Payments via blockchain.
He added: “As part of his strategic roadmap, Mbank focuses on the forging of future partnerships with businesses and government entities to extend the adoption of Wallet AEC in various sectors, revolutionizing digital payments for consumers and companies.”
AED Stablecoin:
Ramez Rafeek, managing director of AED Stablecoin, said: “The collaboration with Tawasul Transport marks a pivotal moment for AE Coin and AEC Wallet. Delighted to be at the forefront of this transformation. »»
Future: The AEC Wallet application will be accepted through more transportation services, traders and points of sale through water, further improving the customer experience and offering more opportunities to use the AE part in daily transactions.
About the integrated transport center
THE Integrated transport center (ITC), affiliated with the department of municipalities and transport, is the legislative, regulatory and supervision authority responsible for the management and development of the transport sector in the emirate of Abu Dhabi. It formulates policies and executives aimed at establishing an intelligent, safe and integrated mobility system which supports the aspiration of the emirate to be among the most advanced cities in the world.
ITC oversees all land, maritime and aeronautical transport activities through emirate, guaranteeing the integration and advancement of the mobility system in accordance with urban expansion and population growth. It also strives to exploit the latest technologies, innovation and sustainability tools to respond to future mobility demands, improve quality of life and redefine urban standard of living by integrating advanced solutions and promoting sustainable mobility practices.
About Tawasul transport
Tawasul Transport Company, created in 2007, is one of the main taxi service providers in the emirate of Abu Dhabi. With a fleet known for its high quality, safety and comfort, Tawasul transport has become a provider of confidence in public transport services, determined to ensure customer satisfaction.
As part of its commitment to innovation and the development of the future of transport, Tawasul Transport is currently operating autonomous vehicles in support of intelligent and sustainable mobility initiatives. This strengthens its position as a pioneer business in the adoption of ready -made solutions for modern transport systems.
The company operates 24/7 throughout the year, in accordance with the objectives of the integrated transport center (ITC), the official authority responsible for the regulations and management of public transport services in the Emirate. Tawaasul actively contributes to the realization of Abu Dhabi’s vision to build an intelligent, safe and sustainable transport ecosystem that meets the needs of the community and maintains the pace of future aspirations.
For more information, users can call 02 444 3673 or contact (protected by e-mail).
About the Community Bank Al Maryah
Al Manyah Community Bank (MBANK) is the first digital bank fully integrated into water, offering omnichannel experience to individual consumers and small businesses. The bank is highly specialized, focusing on the growth and service of the water community, which includes water nationals, residents and businesses (SMEs and businesses). The bank’s vision aligns with that of water leaders, who undertake to support individuals and small businesses within the water economy and to promote an avant-garde culture that emphasizes innovation and technology.
For more information, users can call 600571111 or contact (Protected by e-mail).
About AE Coin
Ae corner is a stable digital currency of new generation regulated by the Central Water Bank, offering secure, transparent and effective financial services. By focusing on local payments, decentralized finances and innovative reward systems, AE Coin redefines the way users interact with digital money. Based in Abu Dhabi, the United Arab Emirates, AE Coin leads the region to digital financial innovation.
Website: www.aecoin.com
