Emirates NBD Launches Region’s First Real-Time Blockchain USD Payments for Businesses
By Eyad
Emirates NBD has introduced the **Middle East and North Africa’s first real-time blockchain-based cross-border payment solution for corporate clients**, allowing businesses to send and receive US dollar payments faster and more securely.
Developed in partnership with **Kinexys by J.P. Morgan**, the new service is designed to improve international business transactions by enabling **24/7 instant USD payments** across participating institutions.
## **What is the new blockchain payment service?**
The new solution uses blockchain technology to process cross-border US dollar payments in real time.
Unlike traditional international transfers that may take several hours or business days, the platform enables eligible corporate customers to complete transactions almost instantly, regardless of banking hours.
The service operates around the clock, including weekends and public holidays.
## **Who can use it?**
The solution is currently available for **Emirates NBD’s corporate and institutional banking clients**.
It is designed for businesses that regularly make international US dollar payments, including multinational companies, exporters, importers and treasury operations.
Retail banking customers are not included in this initial rollout.
## **Key benefits for businesses**
The new payment platform offers several advantages:
- Real-time cross-border USD transfers. - 24/7 payment availability. - Faster settlement times. - Improved payment transparency. - Enhanced security through blockchain technology. - Better cash flow and liquidity management.
The service can help businesses reduce delays often associated with traditional international banking systems.
## **Why blockchain matters in banking**
Blockchain technology creates a secure digital record of transactions shared across authorised participants.
For cross-border payments, this can improve speed, transparency and operational efficiency while reducing reliance on traditional settlement processes.
As more financial institutions adopt blockchain solutions, international payments are becoming faster and more accessible for businesses operating globally.
## **Why this matters**
The launch strengthens Dubai’s position as a global financial and fintech hub.
For businesses operating across international markets, faster USD settlements can improve working capital, supplier payments and overall operational efficiency.
The initiative also reflects the UAE’s continued investment in digital banking innovation and next-generation financial infrastructure.
## **FAQs**
### **What has Emirates NBD launched?**
Emirates NBD has launched the MENA region’s first real-time blockchain-based US dollar payment solution for corporate clients.
### **Who can use the service?**
The platform is currently available for Emirates NBD’s eligible corporate and institutional banking customers.
### **Which currency is supported?**
The initial rollout supports **US dollar (USD)** cross-border payments.
### **Does the service operate outside banking hours?**
Yes. The platform supports **24/7 real-time transactions**, including weekends and public holidays.
## **Source Credits**
Information source/resource owners: Emirates NBD, Kinexys by J.P. Morgan, J.P. Morgan Payments, Gulf News and Zawya.
## **Image Credits**
Image sources are combined from AI-generated visuals and other platforms. If any owner wants to be mentioned or any content needs to be changed, please email us at **concerns@whatmatter.ae**.