Products

Buna offers a wide range of products and services that cater to various current and potential needs of its participants and their end-users. Buna’s offering includes multi-currency cross-border interbank payments, commercial payments, consumer remittances, instant payments, trade finance solutions, securities settlement, and ATM/ POS processing service.

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Use Cases

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Trade Retail & Commerce

Credit transfers constitute the majority of intra-Arab payment volumes
 

Buna aims to facilitate business activities across the Arab region and beyond

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Interbank Transfers

Interbank payments, comprising a small portion of volumes but a large portion of cross-border payment values in the Arab region, will also be covered by Buna, in line with areas of focus of comparable systems

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Remittances

Despite a global drive to reduce remittance costs, Arab remittances market remains highly fragmented


Buna can play a central role in lowering costs and streamlining remittances services through either batch mode or even cost-efficient individual payments

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Instant Payments

Enables instant payments with end-to-end tracking and monitoring of payments and in line with best practices and messaging frameworks

Key product features to enrich participant experience

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Real Time
Settlement

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Cost
Effectiveness

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Multicurrency
Support

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Prefunded
Model

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24x7 Payment
Submission

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Maximized
Participation

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Global Standard
in Compliance

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Single Entry Point To Dynamic Markets

Upcoming Products

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International Bridge to Trade Partners

Acts as a hub between the Arab region and key trade partners
 

Focus on fostering trade and financial integration with the world
 

Leverage major corridors to promote financial inclusion

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Payment Vs Payment

Enables foreign exchange settlement of transactions (FX)
 

Links with other systems for the PvP settlement of foreign exchange transactions with one of the currencies

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Delivery Vs Payments

Enables the real time settlement of the payment leg to securities and debt instruments
 

Reduces or even eliminates the principal risk in the settlement of such products

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Trade Finance

Centralized platform

Guarantees the payment to the beneficiary by obligating the payment once all conditions are met

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POS / ATM

Connect regional and global networks to clear and settle card payments.