Buna holds its 44th workshop to highlight Buna’s involvement in the G20 efforts to enhance cross-border payments

Abu Dhabi, October 5, 2023: Buna (the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”), will hold its 44th workshop today, Thursday October 5th, 2023. On the path to progress, the workshop will highlight the continuation of G20 efforts to enhance cross-border payments and how Buna is actively contributing to it. Other sessions will involve participating banks from the Kingdom of Saudi Arabia and the United Arab Emirates. They will share their experience and express their views on the Buna services.

In line with the G20 roadmap to enhance cross-border payments, Buna recognizes the critical importance of continuation of efforts to streamline those payments, reduce costs, and improve accessibility to achieve financial inclusion among other objectives. The workshop will emphasize these ongoing initiatives and highlight how Buna is contributing to these efforts aimed at driving positive change in the global financial landscape. Another session of the workshop will involve guest speakers from Mashreq Bank and Saudi Awwal Bank (SAB) who will share their experiences and views on collaborating with Buna.

The workshop will be attended by over 200 senior officials representing central banks and a wide spectrum of institutions from the financial, banking and payment sectors of the region and other international markets.

On this occasion, Mehdi Manaa, Chief Executive Officer of Buna said:

“At Buna, we value collaboration to overcome currently existing frictions in cross-border payments. By joining forces, we make cross-border payments more available, efficient, and inclusive.”

Mehdi added: “In our interactions with partners and regulators from around the globe, it is important to voice the views of our community of participants. From this derives our constant need to hear from our users and we are very happy to have banks joining us at the occasion of this workshop to share their experience of the Buna services with our wide community.”