ARPCSO (Buna) and The Benefit Company (BENEFIT) Sign Memorandum of Understanding (MoU) to Facilitate Cross-border Payments via Buna and Fawri+
Under the patronage of H.E Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, and H.E Dr. Abdulrahman Bin Abdullah Al Hamidy, Chairman of the Board of The Arab Regional Payments Clearing and Settlement Organization (ARPCSO)
Abu Dhabi, December 8th, 2022: In a ceremony hosted by the Arab Monetary Fund (AMF), Mr. Abdulwahed AlJanahi, Chief Executive of BENEFIT, the operator of the national electronic payment systems in the Kingdom of Bahrain, and Mr. Mehdi Manaa, Chief Executive Officer of Buna, the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by AMF, signed today a Memorandum of Understanding (MoU) to establish a framework of cooperation between Buna and BENEFIT. The ceremony was held under the patronage of H.E Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, and H.E Dr. Abdulrahman Bin Abdullah Al Hamidy, Chairman of the Board of ARPCSO.