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Ripple Gains Momentum in the Middle East: Partners with Zand Bank and Mamo

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Ripple has strengthened its presence in the United Arab Emirates region with an important partnership involving two local entities.

On May 19, 2025, the Blockchain payment company announced that Zand Bank, the first All-Digital bank with a completely license from the United Arab Emirates, and Mamo, a Fintech company based in the United Arab Emirates that provides digital payment solutions, have become its first customers to adopt chain payments after the company that received its regulation license from the Dubai Financial Services Authority (DFSA).

Zand Bank is destined to incorporate Ripple technology into its digital activities. In addition, Chirag Sampat, head of the Treasury and Zand Bank markets, has assumed that the company plans to launch a Stablecoin supported AED to facilitate the most fluid transactions in the region.

In the meantime, the representatives of Mamo have declared that they wanted to support international payments, local companies and consumers through their collaboration with Ripple.

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Ripple, who received his license from DFSA in March 2025, can now operate the end-to-end payment process for its customers, allowing the global movement of funds incessantly together with the instant regulation.

“Guarantee our DFSA license allows Ripple to better serve the demand for solutions to the inefficiencies of traditional cross -border payments, such as high taxes, long regulation times and lack of transparency, in one of the largest hub of cross -border payments in the world”, said Reece Merick, manager manager, Middle East and Africa, in Frapple.

He added: “Our new partnerships with Zand Bank and Mamo are testimonials of the momentum that the license has created for our business”.

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Finance leaders mea give priority to the blockchain for faster cross -border payments

Ripple has witnessed a greater demand for its payment solutions in the Middle East from cryptic-native companies and traditional financial institutions. In addition, with access to the $ 400 billion market of the United Arab Emirates and in the $ 40 billion remittances, Ripple is set to further obtain traction in the region.

In particular, the Ripple integration of his Ripple USD (Rust) Stablecoin has improved the credibility and versatility of his inters -encounter payment solution, also guiding a greater adoption of Stablecoin.

According to the new value of Ripple’s 2025, about 64% of leaders in the Middle East and Africa (Mea) consider the fastest payment and regulation times as the main driver for the integration of currencies based on blockchain in cross -border transactions.

It is interesting to note that the last announcement of Ripple’s partnership coincides with the president of Ripple, Monica Long, who recently met Ahmed Bin Saeed, president of the Emirated group, at the 2025 Fintech summit in Dubai to explore the opportunities to expand the presence of Ripple in the region.

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  • Ripple can operate the end-to-end payment processes for its customers, allowing the global movement of funds incessantly together with the instantal settlement

  • Zand Bank wants to launch a stablecoin supported AED

  • 64% of leaders Mea see faster payments as a key to the adoption of blockchain in cross -border transactions

The post Ripple earns momentum in the Middle East: the partners with Zand Bank and Mamo appeared first out of 99bitcoin.

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