Collaborate "DP and Reclore" and"Bay-Paal" In solutions to digital trade across the border
Dubai, October 3 / WAM / The DP World Ports Group “DPDDRID” announced the signing of a memorandum of understanding with the world trade platform “Bay-Pal”, to cooperate in launching a leading initiative of its kind in the field of digital payments, aimed at simplifying and accelerating commercial operations across the border.
“This memorandum, which allows the completion of transactions in minutes instead of taking a week, reflects the continuous commitment of Dubai World Ports to establish a safe market and can be developed in the field of digital payments.
The DVD initiative of “DB World”, merchants, shipping laboratories, exporters, importers and global markets in general, will enable the completion of cross -border payments with larger transparency, lower costs and a shorter time for financial settlements.
Sultan Ahmed bin Sili, Chairman and CEO of Dubai Ports Group “DP and Reel”, said that the speed and transparency are the main pillars in the logistical services sector, and cooperation with “Paypal” aims to provide the group’s customers with reliable options for the cross -border payments are faster and more transparent compared to traditional systems, without prejudice to safety standards, and by simplifying global transactions, we enable companies to The different sizes of growth, move more quickly, and work with higher efficiency across the markets.
He considered it another important step on the “DB World” trip towards reshaping the supply chains and ensuring the flow of commercial movement.
For his part, Alex Chris, President and CEO of “Bay-Paal”, said that global trade is working in the best way when the payments are fast, transparent and safe, and this is what cooperation with the DB World ‘offers, and today we put a new standard that we record as a unique achievement in an important area that seeks to establish its position as a global center for digital innovation, while we continue to build more bonding and comprehensive financial services around the world.
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