Ripple Gains Momentum in the Middle East: Partners with Zand Bank and Mamo

Ripple has strengthened its presence in the UAE region with a major partnership involving two local entities. On 19 May 2025, the blockchain payment firm announced that Zand Bank, the UAE’s first fully licensed all-digital bank, and Mamo, a UAE-based fintech company that provides digital payment solutions, have become its first clients to adopt Ripple.. The post Ripple Gains Momentum in the Middle East: Partners with Zand Bank and Mamo appeared first on 99Bitcoins.

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May 19, 2025 - 21:01

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Ripple has strengthened its presence in the UAE region with a major partnership involving two local entities.

On 19 May 2025, the blockchain payment firm announced that Zand Bank, the UAE’s first fully licensed all-digital bank, and Mamo, a UAE-based fintech company that provides digital payment solutions, have become its first clients to adopt Ripple Payments post the company receiving its regulatory license from the Dubai Financial Services Authority (DFSA).

Zand Bank is set to incorporate Ripple’s technology into its digital asset services. Furthermore, Chirag Sampat, Head of Treasury and Markets at Zand Bank, iterated that the company plans to launch an AED-backed stablecoin to facilitate smoother transactions in the region.

Meanwhile, representatives of Mamo stated that they intend to support international payments, local enterprises and consumers via their collaboration with Ripple.

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