Dubai, UAE: In a major step toward advancing its digital transformation agenda, Dubai Customs has signed a Memorandum of Understanding (MoU) with Binance during Binance Week, aiming to expand its digital payment capabilities by integrating crypto-enabled transactions across commercial and logistical operations.
The MoU was signed by His Excellency Dr. Abdulla Busenad, Director General of Dubai Customs, and Stephanie Emile, General Manager of Binance FZE in Dubai, in the presence of senior officials from both organizations. The partnership aligns with Dubai Customs’ ongoing strategy to deploy blockchain and next-generation technologies to enhance trade facilitation.
Binance—one of the world’s largest platforms for digital assets and future payment solutions—brings advanced capabilities such as Binance Pay, enabling secure, fast, and borderless digital payments designed to streamline trade flows and accelerate investment cycles.
Boosting UAE’s Digital Payment Infrastructure
The agreement aims to integrate digital assets into the UAE’s commercial payment ecosystem and enhance the logistics sector with modern digital payment tools. By doing so, Dubai Customs seeks to foster a flexible, transparent, and innovative financial infrastructure supported by blockchain technologies that reduce cost, improve security, and shorten transaction times.
The partnership is expected to significantly improve import–export efficiency, streamline customs processes, and attract new investors—particularly SMEs—by offering advanced payment options that support business expansion and global market access.
Leadership Perspectives
His Excellency 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 that supports Dubai’s ambitions and global competitiveness in fintech and smart payments.”
Dr. Abdulla Busenad, Director General of Dubai Customs, noted that the MoU reflects the authority’s commitment to building one of the world’s most advanced and agile customs and logistics systems.
“This agreement accelerates our digital transformation and redefines customs procedures to be smarter and aligned with a global economy that increasingly depends on advanced technologies and future payment solutions. Our collaboration with Binance opens a new chapter in integrating crypto assets into commercial and logistics operations.”
He added that the partnership is part of a long-term strategy to enhance Dubai’s knowledge-based and digital economy through innovative, technology-driven services that ensure faster, more accurate, and more transparent processes.
Richard Teng, CEO of Binance, said the partnership will enable both entities to develop innovative solutions that strengthen Dubai’s digital ecosystem and support global trends towards smarter, more sustainable economic models.
Crypto.com Expands Crypto Payment Partnerships Across UAE Government and Private Sector
While Binance deepens its government partnerships in Dubai, Crypto.com has already been working extensively with UAE public and private sector entities to advance crypto payment adoption.
The exchange has signed agreements with Emarat Energy, Dubai Land Department, Dubai Duty Free, and Emirates Airlines, enabling customers to make cryptocurrency payments across a wide range of sectors. It has also partnered with real estate players to explore blockchain and digital currency applications in property transactions.
Most notably, the Dubai Department of Finance (DOF) signed an MoU with UAE-regulated Crypto.com to enable crypto payments for government fees, reinforcing Dubai’s leadership in digital government services.
Crypto.com’s UAE entity, Foris DAX Middle East, recently received In-Principle Approval (IPA) from the Central Bank of the UAE for a Stored Value Facilities (SVF) license. Once the final license is granted, the company will be permitted to offer digital payment services for Dubai government fees in UAE dirhams or dirham-pegged stablecoins, further accelerating crypto-enabled government transactions.
Source: Lara on the Block
