DP World has signed a Memorandum of Understanding (MoU) with global commerce platform PayPal to launch a pioneering digital payments initiative aimed at simplifying and accelerating cross-border trade.
The collaboration will enable international merchants, exporters, importers, and marketplaces to complete transactions in minutes instead of the days or even weeks often required by traditional systems. The initiative also promises greater transparency, lower costs, and improved security.
“In logistics, speed and transparency mean everything – and payments are no different,” said Sultan Ahmed bin Sulayem, DP World Group Chairman and CEO. “Through our Digital Payments initiative, and in partnership with PayPal, we are providing customers with faster, more reliable cross-border payment options without compromising on security. This will help businesses of all sizes grow and operate more efficiently across markets.”
PayPal’s President and CEO Alex Chriss emphasized the impact on global trade: “For too long, businesses have been underserved by outdated payment systems. This partnership with DP World sets a new standard for speed, transparency, and security, helping global commerce flow more efficiently.”
By combining DP World’s supply chain expertise with PayPal’s trusted infrastructure, the initiative is designed to reduce friction in international trade, supporting greater efficiency and confidence for businesses worldwide.
