Latest news with #RameshCidambi
Emirates 24/7
10-07-2025
- Business
- Emirates 24/7
Dubai Duty Free Signs MoU with Crypto.com to Explore Cryptocurrency Payments and Strategic Collaboration
Reinforcing its commitment to customer convenience and innovation, Dubai Duty Free has signed a Memorandum of Understanding (MoU) with a global leader in cryptocurrency services, to explore enabling crypto payment and develop collaborative initiatives. The MoU paves the way for exploring crypto payments at Dubai Duty Free both in-store and online, offering travelers more diverse and innovative payment options and expanding collaborations through strategic partnerships, joint marketing campaigns, and customer engagement programs that leverage the strengths of both organisations. The agreement was signed at the Emirates Headquarters by Ramesh Cidambi, Managing Director of Dubai Duty Free and Mohammed Al Hakim, President of UAE Operations at The signing took place in the presence of HH Sheikh Ahmed bin Saeed Al Maktoum, President Dubai Civil Aviation Authority and Chairman of Dubai Duty Free. Commenting on the MoU signing, Cidambi said, 'This MoU underscores our commitment to innovation and to providing greater convenience and choice for our customers. As a global hub welcoming millions of travellers, Dubai Duty Free continually seeks to enhance the retail experience. We believe that embracing digital currency payments, such as cryptocurrency, is a forward-looking step that will add significant value for our diverse customer base and support our vision for sustained growth.' Eric Anziani, President and COO, said, 'We're delighted to complete the signing of this important MoU with Dubai Duty Free. As we continue to expand the everyday use case for crypto, integration with exceptional partners such as Dubai Duty Free will bring real momentum to the digital asset industry and enable both companies to offer genuine innovative finance solutions for our customers. We look forward to working together as we continue to build our crypto offering in the GCC.' Alain Yacine. President of Middle East, added, 'Our focus is on developing a comprehensive and exceptional suite of products for our customers, which leverage the potential of digital finance and drive expansion of this critical sector. Signing an MoU with Dubai Duty Free will provide us a platform to achieve this with an exceptional partner in the region and we're thrilled at the prospect of working with them on this venture.' This move aligns with Dubai Duty Free's strong performance in the first half of the year, where it recorded a turnover of AED 4.118 billion (US$ 1.128 billion), representing a 5.34% increase compared to the same period last year. Dubai Duty Free's plan to accept cryptocurrency marks more than just a new way to pay; it's a bold step toward redefining the future of travel retail. By bringing together convenience, security, and innovation, the airport shopping experience is poised to become more dynamic and cutting edge than ever before. Introducing crypto payments will help Dubai Duty Free cater to a wider spectrum of customer preferences while staying firmly aligned with the UAE's vision of fostering innovation and driving digital transformation across both retail and financial sectors. As a brand long recognised for its pioneering spirit in technology and strategic collaborations, Dubai Duty Free continues to push the boundaries of digital payments. Over the years, Dubai Duty Free has embraced solutions like Alipay and TerraPay, and through its partnerships with leading payment providers, it is building a future ready ecosystem that reinforces its reputation as an innovator in global travel retail. Next, both parties will begin feasibility studies and detailed planning to bring crypto payment solutions to life and roll out collaborative initiatives under the MoU. About Founded in 2016, is trusted by more than 100 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Its vision is simple: Cryptocurrency in Every Wallet™. is committed to accelerating the adoption of cryptocurrency through innovation. Follow Emirates 24|7 on Google News.
Hi Dubai
10-07-2025
- Business
- Hi Dubai
Dubai Duty Free Signs MoU with Crypto.com to Explore Cryptocurrency Payments
Dubai Duty Free has signed a Memorandum of Understanding with global crypto leader setting the stage for future cryptocurrency payment options at its retail outlets both in-store and online. The agreement, signed at Emirates Headquarters in the presence of HH Sheikh Ahmed bin Saeed Al Maktoum, aims to enhance customer convenience and strengthen digital transformation efforts. Ramesh Cidambi, Managing Director of Dubai Duty Free, and Mohammed Al Hakim, President of UAE Operations at formalized the partnership. The MoU outlines plans to explore crypto payment integration and develop joint marketing and customer engagement initiatives. This move aligns with Dubai Duty Free's broader strategy of adopting innovative payment solutions to meet the evolving needs of global travellers. Cidambi highlighted the potential of digital currencies in enhancing the retail experience, calling it a 'forward-looking step' that supports Dubai Duty Free's growth vision. President and COO Eric Anziani echoed the sentiment, emphasizing the significance of the partnership in driving adoption of digital assets in the region. This collaboration comes on the heels of a strong first half of 2025 for Dubai Duty Free, which posted AED 4.118 billion in turnover, a 5.34% increase year-on-year. The initiative also supports the UAE's national goals around financial innovation, as Dubai Duty Free continues to build a future-ready retail ecosystem through strategic technology partnerships. Feasibility studies and planning for crypto payment integration are set to begin shortly. News Source: Dubai Media Office
Arabian Business
09-07-2025
- Business
- Arabian Business
Dubai Duty Free, Crypto.com sign new deal enabling cryptocurrency payments
Dubai Duty Free has signed a Memorandum of Understanding with to explore enabling cryptocurrency payments and develop collaborative initiatives. The MoU creates opportunities for crypto payments at Dubai Duty Free locations both in-store and online, providing travellers with payment options and expanding collaborations through strategic partnerships, joint marketing campaigns, and customer engagement programmes that leverage the strengths of both organisations. Dubai Duty Free embraces crypto payments The agreement was signed at the Emirates Headquarters by Ramesh Cidambi, Managing Director of Dubai Duty Free and Mohammed Al Hakim, President of UAE Operations at The signing took place in the presence of Sheikh Ahmed bin Saeed Al Maktoum, President Dubai Civil Aviation Authority and Chairman of Dubai Duty Free. 'This MoU underscores our commitment to innovation and to providing greater convenience and choice for our customers. As a global hub welcoming millions of travellers, Dubai Duty Free continually seeks to enhance the retail experience. We believe that embracing digital currency payments, such as cryptocurrency, is a forward-looking step that will add significant value for our diverse customer base and support our vision for sustained growth,' Cidambi said. 'We're delighted to complete the signing of this important MoU with Dubai Duty Free. As we continue to expand the everyday use case for crypto, integration with exceptional partners such as Dubai Duty Free will bring real momentum to the digital asset industry and enable both companies to offer genuine innovative finance solutions for our customers. We look forward to working together as we continue to build our crypto offering in the GCC,' Eric Anziani, President and COO, added. This move aligns with Dubai Duty Free's performance in the first half of the year, where it recorded a turnover of AED 4.118 billion ($1.128 billion), representing a 5.34 per cent increase compared to the same period last year. The airport retailer's plan to accept cryptocurrency marks more than just a new way to pay; it's a step toward redefining the future of travel retail. By bringing together convenience, security, and innovation, the airport shopping experience is poised to become more dynamic and cutting-edge than ever before. Introducing crypto payments will help Dubai Duty Free cater to a wider spectrum of customer preferences while staying aligned with the UAE's vision of fostering innovation and driving digital transformation across both retail and financial sectors. As a brand recognised for its spirit in technology and strategic collaborations, Dubai Duty Free continues to push the boundaries of digital payments. Over the years, Dubai Duty Free has embraced solutions like Alipay and TerraPay, and through its partnerships with payment providers, it is building a future-ready ecosystem that reinforces its reputation as an innovator in global travel retail. Both parties will begin feasibility studies and planning to bring crypto payment solutions to life and roll out collaborative initiatives under the MoU. 'Our focus is on developing a comprehensive and exceptional suite of products for our customers, which leverage the potential of digital finance and drive expansion of this critical sector. Signing an MoU with Dubai Duty Free will provide us a platform to achieve this with an exceptional partner in the region and we're thrilled at the prospect of working with them on this venture,' Alain Yacine, President of Middle East, explained.
Zawya
09-07-2025
- Business
- Zawya
Dubai Duty Free signs MoU with Crypto.com to explore cryptocurrency payments and strategic collaboration
Reinforcing its commitment to customer convenience and innovation, Dubai Duty Free has signed a Memorandum of Understanding (MoU) with a global leader in cryptocurrency services, to explore enabling crypto payment and develop collaborative initiatives. The MoU paves the way for exploring crypto payments at Dubai Duty Free both in-store and online, offering travelers more diverse and innovative payment options and expanding collaborations through strategic partnerships, joint marketing campaigns, and customer engagement programs that leverage the strengths of both organisations. The agreement was signed at the Emirates Headquarters by Ramesh Cidambi, Managing Director of Dubai Duty Free and Mohammed Al Hakim, President of UAE Operations at The signing took place in the presence of HH Sheikh Ahmed bin Saeed Al Maktoum, President Dubai Civil Aviation Authority and Chairman of Dubai Duty Free. Commenting on the MoU signing, Cidambi said, 'This MoU underscores our commitment to innovation and to providing greater convenience and choice for our customers. As a global hub welcoming millions of travellers, Dubai Duty Free continually seeks to enhance the retail experience. We believe that embracing digital currency payments, such as cryptocurrency, is a forward-looking step that will add significant value for our diverse customer base and support our vision for sustained growth.' Eric Anziani, President and COO, said, 'We're delighted to complete the signing of this important MoU with Dubai Duty Free. As we continue to expand the everyday use case for crypto, integration with exceptional partners such as Dubai Duty Free will bring real momentum to the digital asset industry and enable both companies to offer genuine innovative finance solutions for our customers. We look forward to working together as we continue to build our crypto offering in the GCC.' Alain Yacine. President of Middle East, added, 'Our focus is on developing a comprehensive and exceptional suite of products for our customers, which leverage the potential of digital finance and drive expansion of this critical sector. Signing an MoU with Dubai Duty Free will provide us a platform to achieve this with an exceptional partner in the region and we're thrilled at the prospect of working with them on this venture.' This move aligns with Dubai Duty Free's strong performance in the first half of the year, where it recorded a turnover of AED 4.118 billion (US$ 1.128 billion), representing a 5.34% increase compared to the same period last year. Dubai Duty Free's plan to accept cryptocurrency marks more than just a new way to pay; it's a bold step toward redefining the future of travel retail. By bringing together convenience, security, and innovation, the airport shopping experience is poised to become more dynamic and cutting edge than ever before. Introducing crypto payments will help Dubai Duty Free cater to a wider spectrum of customer preferences while staying firmly aligned with the UAE's vision of fostering innovation and driving digital transformation across both retail and financial sectors. As a brand long recognised for its pioneering spirit in technology and strategic collaborations, Dubai Duty Free continues to push the boundaries of digital payments. Over the years, Dubai Duty Free has embraced solutions like Alipay and TerraPay, and through its partnerships with leading payment providers, it is building a future ready ecosystem that reinforces its reputation as an innovator in global travel retail. Next, both parties will begin feasibility studies and detailed planning to bring crypto payment solutions to life and roll out collaborative initiatives under the MoU. About Founded in 2016, is trusted by more than 100 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Its vision is simple: Cryptocurrency in Every Wallet™. is committed to accelerating the adoption of cryptocurrency through innovation. Learn more at For further information, please contact Bernard Aquino, Marketing Department, Dubai Duty Free Email:
Zawya
08-07-2025
- Business
- Zawya
Dubai Duty Free receives Two British Safety Council International Safety Awards honoured with distinction for the third time
Dubai Duty Free received two awards, the 'International Safety Awards for Distinction' and 'Best in Sector Award – Retail' at the British Safety Council Gala Night held at the Royal Garden Hotel in, London., UK earlier in June. Organised by the British Safety Council, the International Safety Awards recognise organisation's commitment to excellent standards of health, safety and wellbeing management at a specific site or business unit. This is the third time that the airport retailer has been awarded the highest rating of 'Distinction', with the first two being in 2022 and 2024. Dubai Duty Free was recognised for demonstrating a strong commitment to maintaining a high standard of health and safety management systems. Commenting on the recognition, Dubai Duty Free Managing Director Ramesh Cidambi said, 'We are delighted to receive these two awards from the British Safety Council. To be awarded with the highest rating of 'Distinction' for the third time is a testament to our continuous effort in ensuring employee safety within the company.' Mike Robinson, Chief Executive of British Safety Council presented the award to. Dr. Bernard Creed, Senior Vice President - Finance, who attended the event in London and accepted the award on behalf of Dubai Duty Free. Dubai Duty Free has been awarded the International Safety Awards since 2017 which includes receiving the award with Merit twice in 2019 and 2023. A total of 874 applications from organisations across the world were received for the International Safety Awards 2025; with 90% of applicants successfully achieving a Distinction, Merit or Pass grade. These winners include organisations of all sizes, types and sectors, and businesses in the UK, Africa, Asia, China, Europe, India, the Middle East, Turkey and the Republic of Ireland. Dubai Duty Free operates as Integrated Management System in accordance with ISO 14001: 2015 and ISO 45001:2018. The operation also performs regular audits on HSE System and HSE Operational Procedures as well as monitoring and implementing measures to ensure the health and well-being of its employees.
