Amid the dynamic financial landscape of the United Arab Emirates (UAE), Zand Pay is emerging as a frontrunner in digital payments and cross-border transactions. As a subsidiary of the fully licensed Zand Bank, the UAE’s first digital bank, Zand Pay bridges traditional finance (TradFi) and decentralized finance (DeFi). Leveraging AI, blockchain, and regulatory compliance, Zand Pay aims to transform the cross-border payment experience for businesses, institutions, and individuals.
🌍 Global Reach with Mastercard Move
In August 2025, Zand Pay announced a strategic partnership with Mastercard to enhance cross-border payments. By integrating Mastercard Move, Zand Pay customers can now send money globally—whether to bank accounts, digital wallets, or cash pickup points. This solution provides a single interface for peer-to-peer transfers, business payments, and withdrawals, reaching over 95% of the world’s banked population.
🔗 Blockchain-Based Payments with Ripple
Zand Pay also leverages Ripple’s blockchain technology to enable real-time transfers using stablecoins and local currencies. As the first UAE-based bank to adopt Ripple Payments, Zand Pay provides a transparent, reliable, and cost-effective solution for international payments.
🪙 Launch of an AED-Backed Stablecoin
Aligning with the UAE’s goal to become a global hub for digital payments, Zand Pay plans to launch a stablecoin backed by the UAE Dirham. This initiative, supported by the UAE Central Bank’s Payment Tokens Regulation of 2024, highlights the country’s commitment to a regulated and dynamic digital finance ecosystem.
🏦 Fiat-to-Crypto Transactions via CoinMENA
Zand Pay has partnered with CoinMENA, a Sharia-compliant digital asset exchange, to facilitate seamless transitions between fiat currencies and cryptocurrencies. This collaboration allows users to easily transfer between Zand Pay accounts and CoinMENA wallets, boosting adoption of digital assets in both retail and institutional sectors.
🔐 Institutional Custody Solutions with Taurus
To meet institutional needs, Zand Pay teamed up with Taurus, a leading provider of custody and tokenization solutions. This partnership ensures secure custody of digital assets and offers tokenization services that comply with the highest regulatory standards.
🚀 Conclusion: Zand Pay as a Catalyst for Digital Payments
Combining regulatory compliance, advanced technology, and strategic partnerships, Zand Pay positions itself as a leading digital payments provider in the Middle East. Through its integration with Mastercard Move, Ripple, CoinMENA, and Taurus, Zand Pay offers a comprehensive solution for cross-border transactions, bridging traditional and digital financial systems. For businesses and individuals operating in the digital economy of tomorrow, Zand Pay represents a forward-looking, secure platform.