Aims to reduce the cost of trade settlements and increase transparency
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.
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 company said in a press communication.
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 initiative is designed to simplify and accelerate international transactions, empowering businesses in emerging economies to thrive in an increasingly interconnected world.
“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,” commented Sultan Ahmed Bin Sulayem, Chairman & CEO, DP World.
