Ripple Expands UAE Reach: $70B Blockchain Network Adds Zand Bank & Mamo in Bold Move

20/05/2025 admin

Key Takeaways:

Ripple secures Zand Bank and Mamo as first UAE clients for its blockchain-based cross-border payments solution.
$70+ billion in volume processed globally via Ripple Payments, now licensed by DFSA in Dubai.
UAE strengthens role as crypto payments hub, with Ripple offering real-time settlement and AED-backed stablecoin integration.

Ripple has intensified its global push into the Middle East with a major announcement: two new institutional partners—Zand Bank and Mamo—are now live on Ripple’s blockchain-enabled payment rails in the UAE. This follows the company’s licensing by Dubai’s top financial regulator and signals deeper crypto-finance integration in one of the world’s busiest payment corridors.

Ripple’s UAE Launch: Fast, Transparent Blockchain Payments

Ripple, recognized for its enterprise-level blockchain technology, has officially introduced its payment service in the United Arab Emirates. In March 2025, the Dubai Financial Services Authority (DFSA) granted its permission. This is a huge step forward for rules. Ripple is now the first blockchain-based payment system in the area to gain this kind of accreditation.

With the DFSA license, Ripple may offer end-to-end payment services, which means it can handle transactions from start to finish using blockchain, crypto, and fiat on-ramps. Clients can now use these services 24 hours a day, seven days a week, and settlements happen in minutes instead of days, which is a big advance over older systems.

With global crypto adoption accelerating, particularly across fintech and emerging markets, Ripple’s move into the UAE reflects the region’s shift toward faster, low-cost, transparent financial infrastructure. The UAE is forecasted to become home to over 1 million businesses by 2030, many of which require efficient cross-border payment solutions.

Zand Bank and Mamo Join Ripple’s Blockchain Network

Institutional and Fintech Adoption Accelerates

The two new Ripple clients in the UAE bring different strengths to the table:

Zand Bank, a fully licensed digital bank, will integrate Ripple’s solution to enhance its international payment rails and support future blockchain-based initiatives, including an AED-backed stablecoin. This stablecoin is expected to enable seamless and real-time domestic and global transfers, supporting both institutional and retail clients.
Mamo, a leading UAE-based fintech, aims to simplify global payments for individuals and small businesses. Through its partnership with Ripple, Mamo will offer reliable and fast cross-border transfers to its user base—critical for scaling operations in a region with rising demand for international transactions.

Both institutions highlighted Ripple’s ability to solve traditional pain points: high fees, delays, and lack of payment transparency. According to Ripple’s 2025 New Value Report, 64% of financial leaders in the Middle East and Africa cite faster payments as the top reason for adopting blockchain-based currency flows.

Ripple Payments: Global Volume & Coverage

Ripple Payments is no longer a niche tool for crypto firms—it has grown into a global network processing more than $70 billion in volume, spanning 90+ payout markets and covering over 90% of the daily FX market.

Ripple’s infrastructure is built for scale. In addition to Dubai, Ripple’s licensed payments solution is operational in major economies including:

United States
Mexico
Brazil
Australia
Switzerland

With over 60 regulatory licenses worldwide, Ripple has proven its ability to navigate the complex global compliance landscape—a necessity for crypto adoption at the institutional level.

As central banks, digital-first banks, and fintechs converge in the UAE’s pro-crypto environment, Ripple’s timing could not be better. Its combination of real-time settlement, regulatory compliance, and wide geographic coverage places it at the forefront of blockchain-enabled finance in the region.

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