Abu Dhabi Airports is partnering with Al Hail Holding to discover crypto-linked fee applied sciences and pilot digital wallets for travellers, marking a significant step in advancing the UAE’s digital economic system.
The 2 organisations have signed a memorandum of understanding (MoU) to collaborate on fintech, sensible mobility, and sustainability initiatives that reinforce Abu Dhabi’s place as a world hub for innovation and tourism.
The settlement displays Abu Dhabi Airports’ drive to form the way forward for aviation via cutting-edge digital options that improve passenger expertise and help the UAE’s long-term financial imaginative and prescient.
Abi Dhabi Airports funds
Underneath the partnership, the businesses will develop and pilot a regulated digital pockets for inbound travellers at Zayed Worldwide Airport, offering guests with a safe, cashless platform for transactions throughout the airport.
The venture goals to enhance comfort and effectivity for worldwide passengers whereas selling monetary innovation within the tourism sector.
The MoU additionally units a framework for exploring next-generation fee merchandise, together with stablecoin and digital-asset options that might allow quicker and safer transactions.
The initiative aligns with the UAE Digital Economic system Technique and Abu Dhabi Financial Imaginative and prescient 2030, supporting the nation’s purpose of constructing a future-ready digital economic system powered by monetary know-how.
Fintech and flights
Past fintech, the collaboration will prolong to sensible mobility and sustainability tasks, integrating AI-enabled methods, clever transport applied sciences, and sustainable infrastructure enhancements to spice up operational efficiency and environmental outcomes throughout Abu Dhabi Airports’ community.
Elena Sorlini, Managing Director and CEO of Abu Dhabi Airports, mentioned: “Airports are evolving from gateways into platforms for seamless digital commerce. Via our partnership with Al Hail Holding and Xare we are going to pilot cashless, next-generation fee applied sciences that simplify each step of the traveller journey and redefine comfort, sustainability and monetary entry, whereas showcasing UAE as the best launchpad for a digital economic system.”
Hamad Jassim Al Darwish, CEO of Al Hail Holding, mentioned: “We’re proud to collaborate with Abu Dhabi Airports on this forward-looking initiative. Collectively, we intention to create new alternatives that align with the UAE’s imaginative and prescient for a digital and diversified economic system.
“By combining our experience in governance, regulatory engagement and monetary providers with Abu Dhabi Airports’ operational capabilities, we are going to ship modern options that profit travellers and contribute to the expansion of the nationwide economic system.”
Pilot scheme
Milind Singh, co-founder of Xare, mentioned: “Xare is thrilled to associate with two main establishments to carry the way forward for journey commerce to life. By leveraging our distinctive tech stack—spanning on the spot onboarding, programmable funds, and service provider connectivity—we are able to unlock solely new traveller experiences and monetisation alternatives throughout the airport and the broader metropolis.
“This pilot units the stage for a seamless, cashless journey from landing to take-off.”
A joint steering committee will oversee venture improvement and implementation.
Abu Dhabi Airports will present infrastructure, operational entry, and ecosystem integration, whereas Al Hail Holding will deal with governance, regulatory engagement, and monetary structuring, supported by its associates Zand Financial institution and Index Alternate.
Xare will act because the know-how associate, integrating pockets, fee, and associate interfaces.
