DP World is collaborating with global financial institutions and technology providers to tackle the long-standing issues in cross-border payment systems. The company made this announcement during the World Economic Forum in Davos, highlighting the inefficiencies that have long plagued global commerce.

Emerging markets, particularly in Asia and Africa, face challenges such as prolonged settlement times, limited access to finance, and a lack of transparency. These obstacles have significantly restricted the growth of trade flows over the years. By partnering with leading firms from Singapore, India, the UAE, and other major markets, DP World aims to deliver accessible, instant, and transparent payment solutions powered by stablecoins.

As reported by WAM, Sultan Ahmed bin Sulayem, the Group Chairman and CEO of DP World, emphasized the importance of stablecoin-based payment options in addressing critical gaps in the trade ecosystem. He noted that this initiative reaffirms DP World’s commitment to innovation and leadership within global commerce. The company’s broader mission is to enhance trade flows and economic development in regions that need it most, with the belief that this initiative will transform how businesses engage in cross-border trade.

The innovative payment solution is a vital component of DP World’s goal to provide end-to-end solutions for its customers and facilitate seamless global trade. With an extensive network across six continents, DP World is well-positioned to integrate this new payment system into its existing services, promoting widespread adoption through its numerous partnerships.