Ripple announced the expansion of its operations in the United Arab Emirates, signing agreements with Zand Bank and fintech company Mamo to utilize its blockchain platform.
Ripple's Expansion in the UAE
A press release on May 19 confirmed that these partnerships underscore Ripple's strategy aimed at strengthening its foothold in the Middle East. This expansion follows the company's significant achievement in March 2025, when Ripple became the first blockchain company to secure full licensing from the Dubai Financial Services Authority.
Partnerships with Zand Bank and Mamo
Zand Bank and Mamo will now leverage Ripple Payments, a platform that connects a global network of payout partners using blockchain technology to facilitate faster, cheaper, and more transparent transactions. Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, emphasized the importance of these developments.
Future of Blockchain Platforms in the Region
Zand Bank, the UAE's first fully digital bank, plans to launch a stablecoin tied to the AED to enhance transaction speed. Meanwhile, Mamo, a fintech focused on simplifying global payments, intends to use Ripple’s blockchain for international settlements, allowing UAE companies to confidently expand. These initiatives reflect the growing adoption of blockchain payment solutions in the region.
Ripple's expansion in the UAE with new partnerships underscores the importance of blockchain technologies in modern financial frameworks. Such collaborations are expected to facilitate a faster and more secure transaction system on a global scale.
