Buna holds its 38th virtual workshop to share latest achievements and new milestones

Abu Dhabi, December 7th, 2022: Buna (the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”), holds on Thursday December 8th its monthly workshop number 38 to share updates on its strategic initiatives and other key industry developments.

The workshop will be hosting high-level guest speakers from various organizations, it will be the occasion to announce another key step and strategic partnership supporting Buna’s efforts towards building the instant payment hub for the Arab world and beyond.

The workshop will also host Bank of New York Mellon to shed light on the state of real-time payments in the US and other markets.

The workshop will also host guest speakers representing the Financial Stability Board (FSB) and the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) to share latest updates and next steps regarding the G20 Roadmap for Enhancing Cross-Border Payments.

At this occasion, Mehdi Manaa, Chief Executive Officer of Buna said: “We are pleased to continue these periodic engagements with our community and share various developments about Buna and the industry in general, reaffirming our role as a financial market infrastructure aiming to transform cross-border border payments in the Arab world and beyond in compliance with global standards and best practices”.

Mehdi added “This workshop will shed light on the incremental steps we are taking as an instant payment hub for the Arab world creating efficient solutions for our participants through more strategic partnerships, coupled with major industry keynotes from our esteemed guests to highlight the context of the overall developments taking place in our industry and aiming at enhancing cross-border payments worldwide.”