The Arab Regional Payments Clearing and Settlement Organization (ARPCSO) and Egyptian Banks Company (EBC) Sign Memorandum of Understanding (MoU) to Facilitate Cross-border Payments via Buna and Instant Payment Network (IPN)

The MoU aims to create cross-border instant payments interoperability between Egypt and other markets

Buna is progressing with its plans to be a strategic hub that links national instant payment solutions from the Arab region and beyond

Abu Dhabi, 27 October 2022: In a ceremony hosted by the Arab Monetary Fund, Mr. Tarek Raouf,  Chief Executive Officer of Egyptian Banks Co. for Technological Advancement (EBC), a payment system operator owned by the Central Bank of Egypt, and a group of commercial banks, and Mr. Mehdi Manaa, CEO of Buna, the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”,  signed today a Memorandum of Understanding (MoU) putting in place a framework of cooperation between Buna and EBC.  The ceremony was held in the AMF headquarter in Abu Dhabi, UAE, under the patronage of H.E Dr. Abdulrahman A. Al Hamidy, Director General Chairman of the Board of the Arab Monetary Fund.

Buna holds its 37th virtual workshop

  Updates on partnerships and other developments

A major step towards building the instant payment hub for the Arab world will be announced at the occasion of this workshop

Abu Dhabi, 26th October 2022: Buna (the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”), holds tomorrow a workshop to share updates on its strategic initiatives.

The workshop comprises different topics to update the Buna community on several key developments such as the Buna’s approach to cybersecurity and the different enhancements introduced recently to cater for the growing needs of our participants in terms of level of support and scope of service.

In addition, the workshop will be the occasion to announce a new strategic partnership and a major step towards building the instant payment hub for the Arab world and beyond.

Regulatory Compliance Officer

The Arab Monetary Fund (AMF) is an Arab regional organization based in Abu Dhabi, United Arab Emirates. Its main objective is laying monetary foundations of Arab economic integration and accelerating the process of economic development in all Arab Countries.

AMF is seeking to recruit a “Regulatory Compliance Officer” in the fund.

Buna holds its 36th virtual workshop to share latest achievements and new milestones

The workshop will host leading banks from United Arab Emirates and Kingdom of Saudi Arabia that will share their experiences of Buna

More than 200 senior officials will attend the workshop, representing central banks and a wide spectrum of regional and global financial institutions

Abu Dhabi, 15th September 2022: Buna (the cross-border payment system operated by Arab Regional Payments Clearing and Settlement Organization “ARPCSO”, owned by The Arab Monetary Fund “AMF”), holds today a workshop to share latest achievements and new milestones with its large community.

The agenda of the workshop comprises a panel of senior-level speakers from Abu Dhabi Commercial Bank (ADCB) and Arab National Bank (ANB) who will share their practical experiences in utilizing Buna system. The workshop will also cover different other topics to update the Buna community on the progress achieved on key technological and regulatory matters as well as the evolution of the participation and payments activity in Buna.

Subscribe to