Ripple has officially entered the United Arab Emirates by launching its blockchain-based payments platform with Zand Bank and fintech firm Mamo. This move comes shortly after the company secured approval from the Dubai Financial Services Authority (DFSA) in March 2025.
Ripple Payments provides Zand and Mamo an easy and affordable platform for crossing international borders. Xendit and Snappay plan to improve the global payment function throughout Asia by employing XRP and Ripple’s new stablecoin, RLUSD.
Using Ripple Payments, Zand Bank will offer more digital asset services and improve its capabilities in making global payments. The bank intends to provide its customers with smoother and more efficient transactions worldwide.
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Mamo, a company based in the UAE that serves both individuals and businesses, will also embrace Ripple’s technology. Partnering with Ripple will allow the company to send money overseas faster and more transparently.
Ripple Payments provides Zand and Mamo an easy and affordable platform for crossing international borders. Xendit and Snappay plan to improve how international payments function throughout Asia by employing XRP and Ripple’s new stablecoin, RLUSD.
Using Ripple Payments, Zand Bank will offer more digital asset services and improve its capabilities in making global payments. The bank intends to provide its customers with smoother and more efficient transactions worldwide.
Mamo, a company based in the UAE that serves both individuals and businesses, will also embrace Ripple’s technology. Partnering with Ripple will allow the company to send money overseas faster and more transparently.
Partnership Signals Shift in UAE’s Digital Payment Landscape
Ripple Payments uses XRP in selected payment corridors to ensure near-instant settlement and reduced transaction costs. Supporting this is RLUSD, Ripple’s USD-backed stablecoin issued by its subsidiary, Standard Custody & Trust Company.
The value of RLUSD currently in circulation is $312.99 million, supporting fast, reliable, and safe cross-border payments by institutions.
After receiving regulatory approval, Ripple was the first to operate in Dubai’s financial-free zone. This positions the company to deliver regulated digital asset solutions in a region known for its proactive financial policies.
Currently, Ripple serves over 90 different countries for payouts and has a volume of $70 billion. The firm relies on its dual-asset system, including Ripple and Raily, to ensure that payments are processed instantly.
With the help of Zand Bank and Mamo, Ripple is making way for significant changes in the UAE’s digital payments market. Thanks to support from regulators and advanced smart technologies, the company is helping the region improve its financial connections.
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