Ripple is expanding its presence in the United Arab Emirates (UAE) by partnering with Zand Bank and Mamo to launch blockchain-based cross-border payment solutions. This development follows Ripple's receipt of a regulatory license from the Dubai Financial Services Authority (DFSA) in March 2025, making it the first blockchain-enabled payments provider to gain such approval in the region. The partnerships aim to leverage Ripple Payments to revolutionize cross-border transactions by blending stablecoins, cryptocurrencies, and traditional fiat currencies.

Zand Bank, the UAE's fully digital bank, and Mamo, a fintech company specializing in payment solutions, will utilize Ripple Payments to enhance the speed and efficiency of cross-border payments for businesses and consumers. Zand Bank plans to introduce a stablecoin tied to the UAE dirham (AED), aimed at bolstering the nation's digital payment ecosystem. Mamo's CEO, Imad Gharazeddine, emphasized that the partnership will simplify global payments, aligning with the UAE's projected growth to host over a million businesses by 2030.

Ripple's Managing Director for the Middle East and Africa, Reece Merrick, highlighted the growing demand for faster and more reliable payment infrastructure among both traditional and crypto-native firms. Ripple's 2025 New Value Report indicates that 64% of regional finance leaders prioritize speed when adopting blockchain for international transactions. The company has lauded the UAE government for creating a friendly environment for the crypto sector.

Ripple Payments operates in over 90 payout markets, processing over $70 billion in annual transaction volume. The platform offers scalability and round-the-clock efficiency. In addition to its current offerings, Ripple has considered expanding its crypto services by potentially acquiring Circle, a stablecoin provider, although an initial offer was rejected.

Despite its expansion, Ripple faces ongoing legal challenges with the US Securities and Exchange Commission (SEC) regarding XRP's regulatory status. A recent motion for an indicative ruling was dismissed, leaving the dispute unresolved. This legal uncertainty has impacted XRP's market performance. Nevertheless, Ripple's UAE expansion demonstrates its commitment to embedding blockchain technology into the financial ecosystem, aiming to make cross-border payments faster and more accessible.