Ripple Taps Zand Bank and Mamo in UAE Debut
Ripple teams up with Zand Bank and Mamo to launch blockchain-powered payments in the UAE.
- Ripple partners with Zand Bank and Mamo in UAE
- Marks Ripple’s first payment clients in the region
- Strengthens UAE’s role in blockchain finance
Ripple Expands to UAE with First Payment Clients
Ripple has officially entered the United Arab Emirates (UAE) payments market by onboarding Zand Bank and Mamo as its first blockchain-powered payment clients in the country. This major development reflects Ripple’s ongoing push to expand globally, especially in regions embracing fintech innovation.
Zand Bank and Mamo Join RippleNet
Zand Bank, a licensed digital bank in the UAE, and Mamo, a fast-growing fintech app, will now use Ripple’s technology to offer faster and more secure cross-border transactions. With RippleNet, these institutions can settle payments almost instantly using blockchain, eliminating the delays and high fees of traditional systems.
This collaboration is a significant move for the UAE’s financial sector, aligning with the country’s vision to become a global hub for digital assets and blockchain adoption.
Why the UAE Move Matters for Ripple
The UAE is one of the most crypto-forward nations in the world, thanks to its supportive regulatory environment and drive for digital innovation. Ripple’s expansion into this market positions it at the heart of a rapidly evolving fintech landscape.
By partnering with key local players like Zand and Mamo, Ripple is not just expanding its network—it’s reinforcing the credibility and real-world utility of blockchain-powered payments in mainstream banking.
This strategic step may also set the stage for more partnerships in the Middle East, further boosting Ripple’s global footprint amid ongoing regulatory challenges in other regions like the U.S.
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