Ripple has begun its operations in the United Arab Emirates by launching a payment platform in collaboration with Zand Bank and fintech firm Mamo, marking a new phase in the digital payments landscape in the region.
Launch of the Platform in the UAE
Ripple has officially launched its blockchain platform in the UAE, partnering with Zand Bank and Mamo. This came after receiving approval from the Dubai Financial Services Authority in March 2025.
Features of Ripple Payments
The Ripple Payments platform provides Zand and Mamo with an easy and affordable way to conduct international payments. Zand Bank aims to offer its clients a broader range of digital asset services and enhanced global transaction capabilities.
Impact on the Digital Payment Market
The launch of Ripple Payments in the UAE is expected to bring significant changes to the region's payment landscape. The platform utilizes XRP technology for near-instant payment processing and reduced transaction costs, enabling companies like Mamo to send money overseas faster and more transparently.
The launch of Ripple Payments in the United Arab Emirates opens new opportunities for international transactions and provides local financial institutions with tools to improve their services. This partnership highlights the growing interest in digital technologies within the financial sector.
