Strategic Objectives & Business Approach

Buna enables financial institutions and central banks in the Arab region and beyond to send and receive cross-border payments throughout the day at real-time in all available Arab and International currencies, serving as a single-entry point to the region’s financial systems for global financial institutions, as well as a multi-currency and multi-instrument system for local ones.

Buna introduces to the region a streamlined model to process cross-border payments, providing its participants and especially the commercial banks and other financial institutions with opportunities to expand their network in the region and beyond.

The diagram here illustrates Buna conceptually.

Buna makes cross-border payment similar to domestic


Strategic Objectives

As a centralized cross-border and multi-currency payment system, that acts as a bridge between the Arab region and the rest of the world, Buna aims to:

  • Empower Arab economies
  • Streamline trade and relationships of the Arab countries with major partners
  • Facilitate financial inclusion and regional integration
  • Promote cross-border payments and making as efficient as domestic ones
  • Promote usage of regional currencies
  • Strengthen compliance standards

Business Impacts And Tangible Value



Access hundreds of participants via a single connection, agreement, and account



Real-time payments settlement (with finality & irrevocability)


Competitive Cost

Fixed transaction fees regardless of value, no upfront or recurring fees, no intermediary charges



Support for regional and international currencies (including USD and EUR) in a single platform reduces dependencies, costs, and liquidity needs


Safety & Security

The platform is endorsed by regional Central Banks, applying AML/CFT international standards


Scalable Network

A growing number of participants brings incremental opportunities to every participant in the ecosystem without having to invest in new connections


Quick Onboarding

Connecting to Buna is a simple technical process (4-5 weeks)

Full Alignment To
The G20 Roadmap

By enabling payments processing in local currencies as well as key international currencies in a safe, cost-effective, risk-controlled, and transparent environment, Buna’s system design and operational approach embedded by construction the main directions of the “G20 roadmap” to enhance cross-border payments.

We strongly believe in the importance of joining forces and aligning visions to implement the “G20 roadmap” successfully and overcome the challenges of cross-border payments, and we will continue increasing our collaboration with all relevant authorities and stakeholders from around the globe to achieve that.

The goal of this roadmap to make cross-border payments faster, cheaper, more transparent, and more inclusive has been translated by Buna into the objective of “making cross border payment as efficient as domestic payment”. As a result, Buna is bringing tangible responses to each of the 19 building blocks and all the 5 focus areas of the “G20 roadmap”.


Focus Area of the G20 roadmap

Public and Private Sector Commitment

Building blocks of the G20 roadmap

  1. Common cross-border payments vision and targets
  2. International guidance and principles implementation
  3. Common features of cross-border payment services

Buna’s Response

  • Central & commercial banks as key stakeholders
  • Mission to provide a payment solution that empowers Arab economies and promotes regional integration
  • Compliance with Principles for Financial Market Infrastructures (PFMIs)
  • More affordable, real-time, and transparent payment solution

Regulatory, Supervisory & Oversight Frameworks

Building blocks of the G20 roadmap

  1. Regulatory, supervisory, and oversight framework alignment
  2. Consistent and comprehensive application of AML/ CFT rules
  3. Revision of data frameworks and cross-border payments interaction
  4. Safe payments corridors

Buna’s Response

  • Safe and secure payment system endorsed by central banks
  • Subject to the oversight of a committee composed of central banks
  • Embedded compliance capabilities with AML/ CFT controls
  • Comprehensive participation criteria and due diligence process

Existing Payment Infrastructures & Arrangements

Building blocks of the G20 roadmap

  1. Adoption of PvP
  2. Accessibility to payment systems by banks, non- banks, and payment infrastructures
  3. Liquidity bridges across Central Banks
  4. Extended operating hours between payment systems
  5. Bridging payment systems

Buna’s Response

  • Detailed product roadmap with services being gradually introduced (i.e. Instant Payment, PvP, Trade Finance, etc.)
  • Participation of non-banks could be envisaged, subject to meeting compliance expectations
  • Up to 24x7 operating hours that allow maximum coverage
  • Linkage with other payment systems facilitated by the adoption of standard messages

Data Market & Practices

Building blocks of the G20 roadmap

  1. Adoption of a harmonized IS0 20022 message format
  2. API protocols for data exchange harmonization
  3. Unique identifiers with proxy registries

Buna’s Response

  • Adoption of both ISO15022 and ISO20022 with centralized MT-MX conversion to support banks migration
  • APIs & proxy registries available in the Instant Payment component

New Payment Infrastructures & Arrangements

Building blocks of the G20 roadmap

  1. New multilateral platforms for cross- border payments
  2. Global stablecoin arrangements for cross-borderpayments
  3. International dimensional into CBDC design

Buna’s Response

  • Multilateral cross-border payment system providing a medium for all participants to settle transactions with one another
  • Exploration of CBDC/stablecoins can be considered