← Embedded Finance Index 2026

Al Maryah Community Bank (Mbank)

“Can a UAE-chartered digital bank become the financial infrastructure backbone for the UAE community — powering domestic card schemes, stablecoin wallets, and embedded payroll for other banks and businesses?”

Founded2021
HQAbu Dhabi, United Arab Emirates
IndustryBank / Community
The story

Founded in 2021 as the UAE's first fully digital, Central Bank-licensed Specialized Bank, Mbank launched with a mobile-first account opening experience integrated with UAE Pass. It rapidly moved beyond simple retail banking by becoming the first issuer of the Jaywan domestic debit card and building out the UAE's first blockchain-based digital wallet (Mbank Wallet). The bank is now positioning itself as embedded finance infrastructure for other UAE banks via its Mbank Wallet platform and Jaywan card-scheme IT infrastructure, while simultaneously expanding its product breadth to include stablecoin payments (AE Coin via Network International), cross-border remittances (LuLu Exchange), government housing loans (ADHA), and digital payroll (e-WPS/Ojoor).

Last 12 months
2026-01
2026-02
2026-07
Product timeline
2021
Founded as the UAE's first fully integrated digital bank, licensed by the Central Bank of the UAE as a Specialized Bank.· banking
2024
Became the first bank in the UAE to issue the Jaywan domestic Debit Card (by Al Etihad Payments) and completed the IT infrastructure for the Jaywan scheme, offering it to other banks.· card
2024
Launched Mbank Wallet, the UAE's first national blockchain-based digital wallet with QR technology linked to the Jaywan payment system.· banking
2024
Attended TCS BaNCS Annual Customer Forum 2024, confirming TCS as core banking and cloud infrastructure turnkey provider.· banking
2025
Partnered with LuLu Exchange to enable real-time cross-border remittances and cash deposits via the Mbank UAE and Mbank Wallet apps.· banking
2026
Signed MoU with Network International to become the first payments platform to enable regulated AE Coin (stablecoin) payments via POS and e-commerce.· banking
2026
Launched enhanced Digital Wage Protection System (e-WPS / Ojoor) in collaboration with Ministry of Human Resources and Emiratisation, Al Etihad Payments, and the Central Bank of the UAE.· banking
Regulated entities
1
regulatory licence held by Al Maryah Community Bank (Mbank)
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Al Maryah Community Bank (Mbank)’s embedded-finance stack
Payments / PSP
Network International
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
FX & payouts
in the full report
Accounting gap: minor
8 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.