Dubai: Dubai Customs has signed a strategic Memorandum of Understanding (MoU) with Binance on the sidelines of Binance Blockchain Week 2025 in Dubai, which brought together global leaders in technology and the digital economy.
According to Emirates News Agency, the agreement reflects Dubai'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 was signed by 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 sides. This collaboration builds on Dubai Customs' ongoing digital transformation, which includes a wide range of smart systems that have achieved high levels of automation in customs procedures.
The MoU marks a new step in expanding digital payment capabilities by integrating crypto-assets into commercial and logistical transactions. 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.
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, stated that Dubai continues to strengthen its position as a key player in the global digital economy. Through strategic partnerships such as this, new milestones in government innovation are achieved. 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.
Dr. Abdulla Busenad expressed his satisfaction with the MoU, noting that Dubai Customs aims to build the most advanced and flexible customs and logistics systems worldwide. This agreement reflects a 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.
Richard Teng, CEO of Binance, commented on the collaboration, highlighting that through this MoU, innovative solutions will be jointly launched to make 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.
