Buna Welcomes CPMI’s Publication on Harmonized ISO 20022 Data Requirements for Cross-Border Payments
Buna has been natively ISO 20022 compliant and welcomes this additional level of harmonization that will support its interlinking initiatives and smoother cross-border payment
Abu Dhabi, October 27, 2023: Buna, the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, which is owned by the Arab Monetary Fund, welcomes the recent publication of the report by the Committee on Payments and Market Infrastructures (CPMI) regarding harmonized ISO 20022 data requirements for cross-border payments that will facilitate global collaboration to enhance cross-border payments.