Dubai Customs has signed an agreement with Binance, the world’s largest crypto exchange and blockchain company, to expand digital payment capabilities by integrating crypto-assets into commercial and logistical transactions.
The agreement, which was signed on the sidelines of Binance Blockchain Week 2025 in Dubai, reflects the emirate’s vision and global leadership in adopting advanced government technologies, strengthening public-private partnerships, and expanding the emirate’s position as a central global trade platform and a hub for the new economy and emerging tech startups.
The MoU aims to develop the UAE’s domestic payment ecosystem by integrating digital assets into commercial transactions and enabling the logistics sector to benefit from digital payments. It supports a flexible and innovative financial infrastructure through blockchain technologies that enhance transparency and reduce transaction time and costs.
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.
Sultan Ahmed bin Sulayem, Chairman and CEO of DP World and Chairman of Ports, Customs and Free Zone Corporation, said: “Dubai continues to strengthen its position as a key player in the global digital economy. Through strategic partnerships such as this, we achieve new milestones in government innovation.
“With this MoU, Dubai Customs is establishing a progressive economic model capable of meeting the requirements of the digital economy, creating an innovative business environment that supports Dubai’s ambitions and global competitiveness in fintech and smart payments.
“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. This partnership represents a step toward creating an open, flexible economic environment capable of attracting future investments.”
Dr Abdulla Busenad, Director General of Dubai Customs, added: “This agreement reflects our strategy to accelerate comprehensive digital transformation and redefine customs procedures to be smarter and aligned with the global economy, which increasingly relies on advanced technologies and future payment solutions.
“Our collaboration with Binance opens a new chapter in developing digital payments by integrating crypto-assets into commercial and logistics operations, enhancing operational efficiency, and increasing Dubai’s attractiveness as a global economic hub.”
Binance, one of the world’s largest platforms for digital assets and future payment solutions, provides advanced services including Binance Pay, enabling secure, fast, and borderless digital payments that enhance trade flow and accelerate investment cycles.
Richard Teng, CEO of Binance, added: “We are proud to collaborate with Dubai Customs, a government entity recognised globally for adopting modern technologies.
“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.”
