In coordination with the Integrated Transport Center (ITC) of the Department of Municipalities and Transport, Tawasul Transport and Al Maryah Community Bank (Mbank) have launched a groundbreaking digital payment system. This new system allows passengers to pay for taxi rides using the AEC Wallet app with AE Coin, a stable digital currency, in all Tawasul taxis across Abu Dhabi.This initiative is part of a joint effort to improve digital payment solutions and provide a smarter, safer, and more convenient travel experience. It is the first system in the world to use a stable coin linked to the UAE dirham for public transportation payments.A New Era of Digital PaymentsThe launch included the first official AE Coin payment made after a taxi ride, marking a major step toward Abu Dhabi’s goal of building a digital and eco-friendly transportation network.The AEC Wallet offers a simple and secure way to pay. Passengers can complete transactions by scanning a QR code inside the taxi. With AE Coin set at 1 AED = 1 AEC, the system offers financial stability and builds trust in digital currency usage.The app is free to download from the Apple Store, Google Play, and Huawei AppGallery. It’s designed to provide a fast, secure, and low-cost payment experience.Now, Abu Dhabi taxi users can enjoy a high-tech payment method that supports the emirate’s digital transformation goals and strengthens its position as a global leader in fintech and smart mobility.Tawasul Transport:Mr. Ghena Jbour, General Manager of Tawasul Transport, said:“This initiative is a great example of teamwork among organizations committed to advancing Abu Dhabi’s transport system. It highlights the UAE’s leadership in innovation and digital growth in transportation. At Tawasul Transport, we believe digital transformation is essential—not optional—to meet users’ changing needs.This new system makes the customer experience better by simplifying payments and offering secure options, all in line with Abu Dhabi’s vision for smart and sustainable transport. Using AE Coin in public transport shows our dedication to future-ready financial tools that combine technology, ease, and sustainability. We will continue to expand these solutions to cover even more services in the future.”Al Maryah Community Bank:Mr. Mohammed Wassim Khayata, CEO of Mbank, stated:“We’re proud to partner with Tawasul Transport and the ITC on this innovative project. It fits perfectly with our mission to lead the future of digital payments in the UAE. AE Coin is more than a digital currency, it’s a core part of the country’s financial future, providing stability and real-time payments through blockchain.This is a game-changing payment experience, offering customers a smart, cashless, safe, and cost-effective way to use public transport. It brings the UAE’s Digital Government Strategy 2025 closer to reality.”He added:“Mbank plans to build more partnerships with businesses and government bodies to grow the use of AEC Wallet across different sectors. This will help transform digital payments for both consumers and businesses in the UAE.”AED Stablecoin:Ramez Rafeek, General Manager of AED Stablecoin, said:“Our partnership with Tawasul Transport is a big milestone for AE Coin and the AEC Wallet. It gives passengers a safe and smooth way to pay in taxis, proving how digital currencies can fit easily into daily life. This shows how innovation and collaboration can lead the way in digital payments, and we’re excited to be part of this change.”What’s NextSoon, the AEC Wallet app will be accepted by more transport services, stores, and businesses throughout the UAE. This will make everyday transactions easier and give people more ways to use AE Coin.
