Dubai Customs and Binance have agreed to work together to expand digital payment capabilities by integrating crypto assets into commercial and logistical transactions. Signed during Binance Week 2025 in Dubai, between Dr. Abdulla Busenad, Director General of Dubai Customs, and Stephanie Emile, General Manager of Binance FZE in Dubai, Binance, which offers payment solutions including Binance Pay , will work to enhance trade flow and accelerate investment cycles by offering its solutions to Dubai Customs. Dubai’s local logistics sector to benefit from digital payments As per the agreement, digital assets will be integrated into the commercial transactions and logistics sector, supporting innovative financial infrastructure using blockchain, which will reduce transaction time and costs. As per the announcement, the partnership will improve the efficiency of import–export operations, streamline customs procedures, and attract new investors—particularly SMEs—by offering modern payment options that help expand their businesses and access new global markets. Dubai Customs already uses Blockchain for tamper-proof data sharing In 2024, Dubai Customs launched a blockchain platform that would expedite customs clearance and commercial transactions. The Blockchain platform facilitates secure and tamper-proof data sharing to enhance trust and visibility across the supply chain. It was not the first time that Dubai Customs used blockchain technology. In 2023, Dubai Customs secured a second intellectual property certificate from the UAE’s Ministry of Economy for their groundbreaking “Blockchain System for Managing Intellectual Property and Knowledge Assets”. Sultan Ahmed bin Sulayem, Chairman and CEO of DP World and Chairman of Ports, Customs and Free Zone Corporation, noted that through partnerships such as this, Dubai is establishing a progressive economic model capable of meeting requirements of digital economy. He added, “We support initiatives that enhance Dubai’s position as a trade and logistics hub, invest in advanced digital solutions to improve business efficiency, and build a next-generation payment ecosystem that aligns with the D33 Economic Agenda.” Additionally, Dr. Abdulla Busenad, Director General of Dubai Customs, noted that Dubai Customs is accelerating its digital transformation, making procedures smart, and utilizing advanced technologies. He expresses that the collaboration with Binance “opens a new chapter in developing digital payments by integrating crypto assets.” SMEs will benefit from payment solutions and a modernized customs system He added, “By integrating digital payment solutions, we are moving toward a future with faster, more accurate, and more transparent processes, supported by a technological infrastructure capable of accommodating the rapid growth of digital trade and building a superior economy based on innovation and future readiness.” Richard Teng, CEO of Binance, said, “Through this MoU, we will jointly launch innovative solutions capable of making a tangible difference in the customs sector locally and globally, enhancing Dubai’s digital ecosystem and developing infrastructure that keeps pace with global trends toward a smarter and more sustainable economy.” Claim your free seat in an exclusive crypto trading community - limited to 1,000 members.
