Launching the first digital payment process using AE COIN in taxis in Abu Dhabi

In coordination with the integrated transportation center of the Municipalities and Transport Department, “Tawasul Transport” company, in cooperation with the local Al -Maria Bank, launched a qualitative initiative that allows passengers to pay electronically through the “IC” portfolio application using the stable currency AE CoinAnd, in all “communication” taxi vehicles in the Emirate of Abu Dhabi.

This achievement comes within the framework of joint efforts to enhance digital payment solutions and develop a smart, safe and smooth transport experience for users, as this initiative is the first of its kind in the world that adopts the stable currency associated with UAE dirhams for payment in exchange for public transport services.

Digital and sustainable transportation system

The moment of launch witnessed the first official payment operation using AE Coin After completing a trip through one of the “Communications Communications” taxi vehicle, in a move confirming Abu Dhabi’s commitment to the shift towards a digital and sustainable transport system.

AEC wallet provides an easy and safe payment experience, where customers can simply scan the fast response code (QR Code) Inside the vehicle to complete the payment process.

The currency is connected AE Coin UAE dirham in a steady rate (1 Emirati dirham = 1 AEC), Ensuring the highest levels of financial stability and contribute to enhancing confidence using digital currencies.

The IEC portfire is available for free via Apple Store, Google Play, and Huawei App Gallery, and it features an innovative use experience that focuses on the speed of transactions, safety, and reducing financial transfers costs.

With this step, taxi passengers in Abu Dhabi can take advantage of an advanced digital payment experience that keeps pace with the emirate’s ambitions in digital transformation, and contributes to the consolidation of its position as a global center for financial technology and smart mobility.

An effective cooperation between all sides

The Director General of Tawasul Transport Company, Ghani Jabour, said, “: “This initiative comes to provide a model on effective cooperation between all parties that seek to develop continuously within the integrated transportation system, and establishes the leading position of the United Arab Emirates in the areas of innovation and digital transformation in the transportation sector. We are in communication of transportation. We believe that digital transformation is not just a choice, but rather a necessity to keep pace with the aspirations of users and their daily needs.

This step contributes to improving customer experience by facilitating the payment process, and providing multiple and safe media, in line with Abu Dhabi’s vision to build a smart and sustainable transport system. And to adopt a currency AE Coin In the public transport sector, it reflects our commitment to support future financial solutions that combine technology, comfort and sustainability, and we will continue to work to expand the scope of these solutions to include additional services in the future.“

Innovative

“We are proud to be part of this innovative cooperation with a communication company and the integrated transportation center, as it is perfectly in line with our vision to lead the future of digital payments in the United Arab Emirates. Now we not only offer a new payment method, but we also offer our customers a smooth, safe and lowest way of its counterparts from cash transactions to use public transportation. It is a step forward in achieving the United Arab Emirates digital strategy 2025. “

He added: “As part of its strategic road map, the local banking bank focuses on building future partnerships with companies and government agencies to expand the scope of the IEC portfolio using various sectors and create a qualitative boom in digital payments for both consumers and service providers in the country.”

A pivotal moment for a coin AE Coin

“Cooperation with Communications Company is a pivotal moment for a coin. AE Coin And the iC. By providing a safe and smooth payment option for passengers in all taxis communication, we show how digital currencies can merge smoothly into daily life. This partnership embodies the power of innovation and cooperation in leading the future of digital payments, and we are pleased to be at the forefront of this transformation. “