Buna | Transforming cross-border payments Buna enables financial institutions and central banks in the Arab region and beyond, to send and receive payments, in Arab currencies as well as key international currencies, in a safe, cost-effective, risk-controlled, and transparent environment
The Organization - Buna Built on the foundation that an efficient infrastructure for cross-border payments is essential to a solid and effective financial ecosystem, Buna enables commercial banks, central banks, and other financial institutions, in the Arab region and beyond, to send and receive payments, in Arab currencies as well as key international currencies
Buna | Strategic Objective Business Approach 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
Currencies - Buna Buna supports multiple Arab and international currencies, using single-currency circuits
FAQs - Buna Yes, Buna system fully is compliant with international security standards; Buna is ISO 27001 (Information Security Management System) certified; Buna is also SWIFT CSP ( Customer Security Programme ) certified; In addition, Buna is continuously investing in new technologies and programmes to combat increasing cybercrime activities in digital era
Buna| Annoucement Detail Buna aims to enable financial institutions and central banks in the Arab region and beyond to send and receive payments in local currencies as well as key international currencies in a safe, cost-effective, risk-controlled, and transparent environment
Board of Directors - Buna In this capacity, he serves also as the Chief Executive Chairman of the Board of Directors of the Arab Trade Financing Program “ATFP” and Chairman of the Board of the Arab Regional Payments Clearing and Settlement Organization “BUNA”
Participants - Buna Buna has successfully managed to build a rapidly growing network of participants from across the Arab region and continues its efforts to welcome all eligible institutions to join the network and utilize its services
Products - Buna 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
Buna| Annoucement Detail Buna aims to realize its vision to empower Arab economies and promote regional integration, by encouraging the usage of Arab currencies in cross-border settlement and clearance transactions and supporting investment ties with the global trading partners of Arab countries