Dubai Customs has signed a strategic memorandum of understanding (MoU) with Binance, one of the world’s largest platforms for digital assets and future payment solutions, on the sidelines of Binance Blockchain Week 2025 in Dubai.
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 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 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.
Image Via: GDMO | Cropped by GBN
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.
Dubai’s leadership in fintech
Sultan Ahmed Bin Sulayem Chairman and CEO DP World, Chairman Ports, Customs and Free Zone Corporation
“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.”
Modernizing customs systems
His Excellency Dr. Abdulla Busenad, Director General of Dubai Customs, noted that, “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.”
Richard Teng, CEO of Binance, commented that, “We are proud to collaborate with Dubai Customs, a government entity recognized 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.”
