In a historic leap toward digital innovation, Air Arabia has become the first airline in the Middle East and North Africa (MENA) region to accept cryptocurrency as a method of payment for flight bookings. Through a strategic partnership with Al Maryah Community Bank (Mbank), the low-cost carrier now enables customers to complete bookings using AE Coin an AED-backed stable coin via the AEC Wallet App. This move not only marks a major milestone for Air Arabia but also signals a new era in aviation and financial technology integration in the region.
AE Coin: A Stable and Secure Digital Currency
AE Coin stands out as the first stablecoin in the UAE backed by the Emirati Dirham (AED), maintaining a 1:1 peg that ensures consistent value, stability, and low volatility. This key feature distinguishes AE Coin from more volatile cryptocurrencies like Bitcoin or Ethereum, making it a practical and secure option for everyday transactions, including booking airline tickets. AE Coin also benefits from lower transaction fees compared to traditional payment methods, further enhancing its appeal to cost-conscious travelers.
The payment process is straightforward. Customers can download the AEC Wallet App from either the App Store or Google Play Store. Once registered and loaded with AE Coin, users simply choose the AEC Wallet at checkout while booking flights on the Air Arabia website. This seamless process reflects a user-friendly and secure approach to incorporating digital currency into mainstream travel experiences.
A Strong Commitment to Digital Innovation
Adel Al Ali, Group Chief Executive Officer of Air Arabia, expressed his enthusiasm for the partnership and the broader digital vision it represents.
“We are proud to partner with Mbank to introduce AE Coin as a secure and innovative payment option for our customers. At Air Arabia, we are committed to embracing digitalization across our operations, and this partnership reflects our efforts to enhance our customer experience through technology,” said Al Ali.
This latest move is part of a broader strategy by Air Arabia to adopt emerging technologies and improve operational efficiency and customer convenience. By leading in cryptocurrency adoption, the airline demonstrates its proactive stance in shaping the future of air travel.
Enhancing the Travel Experience
Beyond its technical features, the introduction of AE Coin is also a step toward redefining customer convenience. Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, emphasized the broader socioeconomic impact of this collaboration.
“Through this partnership, we are not only enhancing the booking process but also contributing to the UAE’s broader goal of creating a truly inclusive, digitally empowered financial ecosystem,” Khayata stated.
With the travel industry becoming increasingly digital, this collaboration enhances the flexibility and autonomy customers have in managing their travel payments. Whether it’s last-minute bookings or international travelers seeking alternative payment methods, AE Coin introduces a new layer of accessibility and security.
Supporting the UAE’s Digital Economy Vision
This pioneering initiative is fully aligned with the UAE’s national agenda to foster a digital-first economy. The government has been actively supporting digital transformation across various sectors, and the integration of AE Coin by a major airline supports this vision. It reflects a forward-looking approach to financial innovation and economic diversification.
By incorporating digital currencies into its operations, Air Arabia is not only responding to global trends but also positioning itself as a leader in regional fintech adoption within the aviation sector. This move also complements the UAE Central Bank’s larger efforts to introduce a Central Bank Digital Currency (CBDC) and establish the country as a global hub for blockchain and fintech innovation.
Leading the Future of Air Travel
As cryptocurrencies and digital wallets continue to gain traction around the world, Air Arabia’s acceptance of AE Coin cements its role as a trailblazer in the aviation industry. The airline is leveraging the power of blockchain to simplify transactions, enhance security, and meet the evolving expectations of modern travelers.
In doing so, Air Arabia is not only offering greater flexibility and financial control to its customers but is also demonstrating how traditional industries can embrace technological advancements to remain relevant, competitive, and innovative.
This bold step signals the beginning of a new chapter in airline payment systems—one that is digital, inclusive, and forward-thinking.
