DP World to Introduce Cross-Border Payments Powered by Stablecoins
DP World is engaging with global financial institutions and technology providers to address a longstanding challenge in global commerce -- the inefficiencies in cross-border payment systems.
By collaborating with leading firms from Singapore, India, the UAE, and other key markets, DP World aims to introduce accessible, instant, and transparent cross-border payment solutions powered by stablecoins.
The vision for this transformative payment solution was launched at the World Economic Forum in Davos, where DP World is engaging with industry leaders, policymakers, and technology innovators to build a more resilient global trading system.
Customers in emerging markets such as Asia and Africa often grapple with prolonged settlement times, restricted access to finance, and a lack of transparency—factors that have hindered the growth of trade flows for years.
The initiative is designed to simplify and accelerate international transactions, empowering businesses in emerging economies to thrive in an increasingly interconnected world.
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DP World Group Chairman & CEO, Sultan Ahmed bin Sulayem, said: "By introducing stablecoin-based payment options, we are not just addressing a critical gap in the trade ecosystem but also reaffirming our commitment to innovation and leadership in global commerce.
"This initiative aligns with DP World’s broader mission to enhance trade flows and economic development in regions that need it most.
"We believe this initiative will redefine the way businesses engage in cross-border trade, particularly in regions where financial barriers have limited potential. DP World is committed to creating a more inclusive and efficient trade ecosystem.”
Key Benefits
Drastically reduced settlement cost and times for cross-border payments
Take the example of a textile manufacturer in Ethiopia which exports raw cotton to a fabric producer in India but faces significant delays in receiving payments.
This is due to the traditional correspondent banking systems requiring multiple intermediaries, resulting in settlement times that can extend to several days or even weeks.
Improved financial accessibility for businesses of all sizes
The Ethiopian supplier struggles with cash flow, limiting its ability to scale operations or meet additional orders.
At the same time, the Indian fabric producer may face delays in production due to uncertainty about whether the shipment will be dispatched on time.
Enhanced transparency and trust in international trade transactions
The lack of real-time tracking of the transaction status leaves both parties uncertain about when the payment will be completed.
This solution is an integral part of DP World’s aspiration to offer end-to-end solutions for its customers and to facilitate seamless global trade.
Leveraging its expansive network spanning six continents, DP World is uniquely positioned to integrate this innovative payment system into its current offerings and drive widespread adoption through its extensive partnerships.
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