Ripple has strengthened its presence within the UAE area with a significant partnership involving two native entities.
On 19 Could 2025, the blockchain cost agency introduced that Zand Bank, the UAE’s first totally licensed all-digital financial institution, and Mamo, a UAE-based fintech firm that gives digital cost options, have change into its first purchasers to undertake Ripple Funds publish the corporate receiving its regulatory license from the Dubai Monetary Companies Authority (DFSA).
Zand Bank is ready to include Ripple’s expertise into its digital asset providers. Moreover, Chirag Sampat, Head of Treasury and Markets at Zand Bank, iterated that the corporate plans to launch an AED-backed stablecoin to facilitate smoother transactions within the area.
In the meantime, representatives of Mamo said that they intend to assist worldwide funds, native enterprises and customers by way of their collaboration with Ripple.
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Ripple Funds momentum is constructing within the UAE.
Following our DFSA license, Zand Bank and @MamoPay at the moment are reside on Ripple Funds—bringing always-on, blockchain-powered cross-border funds to one of many world’s prime remittance hubs.
— Ripple (@Ripple) Could 19, 2025
Ripple, which acquired its license from the DFSA in March 2025, can now manoeuvre the end-to-end cost course of for its purchasers, permitting international motion of funds ceaselessly together with immediate settlement.
“Securing our DFSA license enables Ripple to better serve the demand for solutions to the inefficiencies of traditional cross-border payments, such as high fees, long settlement times, and lack of transparency, in one of the world’s largest cross-border payments hubs,” mentioned Reece Merrick, Managing Director, Middle East and Africa, at Ripple.
He added, “Our new partnerships with Zand Bank and Mamo are testament to the momentum that the license has created for our business.”
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MEA Finance Leaders Prioritise Blockchain for Quicker Cross-Border Funds
Ripple has witnessed an elevated demand for its cost options within the Middle East from crypto-native companies in addition to conventional monetary establishments. Moreover, with entry to the UAE’s $400 billion market and $40 billion remittance sector, Ripple is ready to additional acquire traction within the area.
Notably, Ripple’s integration of its Ripple USD (RLUSD) stablecoin has enhanced the credibility and flexibility of its inter-regional cost resolution whereas additionally driving larger adoption of the stablecoin.
In response to Ripple’s 2025 New Worth report, roughly 64% of the leaders within the Middle East and Africa (MEA) area view sooner cost and settlement occasions as the first driver for incorporating blockchain-based currencies into cross-border transactions.
Curiously, Ripple’s newest partnership announcement coincides with Ripple’s President, Monica Lengthy, just lately assembly Ahmed bin Saeed, Chairman of the Emirates Group, on the 2025 Fintech Summit in Dubai to discover alternatives to increase Ripple’s presence within the area.
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Key Takeaways
- Ripple can manoeuvre end-to-end cost processes for its purchasers, permitting international motion of funds ceaselessly together with immediate settlement
- Zand Bank desires to launch an AED-backed stablecoin
- 64% of MEA leaders see sooner funds as key to blockchain adoption in cross-border transactions
The publish Ripple Gains Momentum within the Middle East: Partners with Zand Bank and Mamo appeared first on 99Bitcoins.
