Ripple’s blockchain partnerships in the UAE are expanding at the time of writing as the company just recently added Zand Bank and also Mamo as its first blockchain payment clients in the region. This all comes after Ripple’s big achievement back in March 2025 when it became the first blockchain-enabled payments provider to be licensed by the Dubai Financial Services Authority.
Ripple Payments momentum is building in the UAE. https://t.co/gFiwxXWfM5
Following our DFSA license, Zand Bank and @MamoPay are now live on Ripple Payments—bringing always-on, blockchain-powered cross-border payments to one of the world’s top remittance hubs.
— Ripple (@Ripple) May 19, 2025
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Blockchain Adoption in MENA Surges Amid Security Risks and Scalability
These partnerships are, right now, reflecting a growing momentum for blockchain-powered payments across the MENA region. Ripple’s 2025 New Value Report that was just released shows about 64% of finance leaders in the Middle East and Africa sort of view faster settlements as the top reason to adopt blockchain even though there are still some crypto security risks to think about.
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New Partnerships and Regional Growth
Both of the new partners will be using Ripple Payments, which is a blockchain-powered cross-border solution that addresses some of the blockchain scalability solutions needed in the region. These Ripple blockchain partnerships in UAE are definitely aiming to cut costs and also settlement times while enhancing transparency for everyone involved.
Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, stated:
“With our new DFSA license, we can now manage payments end-to-end in the UAE—moving funds globally, 24/7, with near-instant settlement. Our partnerships with Zand and Mamo reflect the strong demand for efficient, blockchain-based alternatives to legacy payment rails.”
Institutional Blockchain Adoption
Zand Bank, which is actually the UAE’s first fully digital bank with a proper banking license, is advancing blockchain adoption in MENA through various initiatives and also has plans for an AED-backed stablecoin to streamline digital payments in the near future.
For the consumer-focused fintech Mamo, the partnership supports its mission to simplify global payments for users.
Imad Gharazeddine, Mamo’s Chief Executive Officer, emphasized:
“Ripple’s blockchain-powered settlements will enable UAE businesses to grow internationally with confidence.”
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Strategic Regional Expansion
These Ripple blockchain partnerships in UAE are definitely part of larger regional initiatives that have been in the works for some time now. Ripple currently discusses stablecoin policy with UAE regulators while also preparing for the Abu Dhabi launch of Hidden Road, the crypto brokerage it acquired for $1.25 billion back in April.
With approximately $70 billion in transactions processed and over 60 regulatory approvals worldwide, Ripple is establishing itself as a major infrastructure provider for blockchain payment clients who are looking for crypto security risks mitigation in their operations.
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Blockchain adoption in MENA continues to grow quite rapidly as Ripple’s presence in the UAE demonstrates blockchain’s potential to transform financial services despite ongoing regulatory challenges and the fact that blockchain scalability solutions are still in development at this point. These Ripple blockchain partnerships in UAE more effectively address crypto security risks, which could lead more blockchain payment clients to join the network in the coming months.
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