CoinMENA, Standard Chartered partner on UAE payment rails
CoinMENA has partnered with Standard Chartered to improve fiat payment infrastructure for UAE customers. The agreement will support fiat on- and off-ramps, client money accounts, and virtual account-based transaction management, with CoinMENA saying it should improve transparency and liquidity settlement with approved global counterparties. The deal highlights rising demand among UAE crypto firms for regulated banking access as the digital asset market matures. Standard Chartered said the UAE’s regulatory environment is supporting collaboration between banks and licensed digital asset firms. Separately, Revolut has reportedly moved closer to a UAE launch after the Central Bank of the UAE approved its applications for Stored Value Facilities and Retail Payment Services licenses. The company is expected to build local infrastructure before offering services such as multi-currency accounts, cards, and domestic and international transfers. Its potential crypto offerings in the UAE remain unclear.
