Customs in Dubai has signed an agreement with Minance, a major crypto Exchange and Blockchain company, to increase digital payment capabilities by integrating crypto-transaction assets.
The agreement, which was signed on the blockchain boundaries of Bimbance Week 2025 in Dubai, shows global leadership in expanding the world’s advanced technologies, and increases the Emirate’s position as a place for social commerce and innovation in the new economy.
The MOU aims to improve the UAE’s domestic payment environment by integrating digital assets into commercial transactions and empowering the Logistics sector to benefit from digital payments. It supports a flexible and innovative financial infrastructure with Blockchain experts that improve transparency and reduce time and costs.
The partnership will improve the efficiency of import operations in the country of import and export, facilitate customs procedures, and attract new investors – especially SMEs – by offering modern payment options that help expand their businesses and reach new global markets.
Sultan Ahmed Bin Sulayhem, Chairman and CEO of DP World and Chairman of Ports, Customs and Zone Zone Corporation, “” Saying that Dubai continues to strengthen its position as a key economy in the global digital economy.
“Through this Mou, Dubai’s culture is establishing a progressive economic model capable of meeting the needs of the digital economy, creating an innovative business environment that supports Dubai’s ambitions and fair competition.
“We support initiatives that promote Dubai’s position as a Trade and Logistics Hub, invest in advanced digital capital to improve economic business.”
Dr. Abdulla Busenad, director general of Dubai Customs, added: “This agreement shows our strategy to accelerate the complete digital transformation and high-tech results, which depend more on advanced technologies and payment solutions in the future.
“Our collaboration with Binance opens a new chapter in the creation of digital payments by integrating Crypto-enabled assets, and increasing the attractiveness of Dubai as a global accort hub.”
Minance, one of the world’s largest platforms for digital assets and future payment solutions, offers secure, fast payment processing that improves trade flows and accelerates trade cycles.
Richard Teng, CEO of Minance, added: “We are proud to partner with Dubai Culture, a government organization known around the world for making cutting-edge technology.
“Through this MOU, we will jointly launch new solutions that can make a significant difference in the Customs sector locally and globally, to improve economic infrastructure around the world.”
