RIPPLE EXPANDS UAE PRESENCE WITH ZAND BANK AND MAMO

- @Ripple announced partnerships with Zand Bank and Mamo, marking its first blockchain payments clients in the region.

- Both will use Ripple Payments, Ripple’s blockchain-powered cross-border payment solution that cuts costs, slashes settlement times, and boosts transparency.

- This expansion follows Ripple’s milestone achievement of becoming the first blockchain-enabled payments provider licensed by the Dubai Financial Services Authority (DFSA) in March 2025.

- The license allows Ripple to fully manage payments end-to-end for its clients, moving funds across borders around the clock and settling transactions in minutes.

- Zand Bank, a licensed financial institution in the UAE, is pushing forward digital finance with AI, blockchain, and soon, an AED-backed stablecoin aimed at streamlining payments in the digital economy.

- Ripple’s 2025 New Value Report highlights that 64% of finance leaders in the Middle East and Africa view faster payment settlement as the top reason to adopt blockchain in cross-border transactions.