| Arab Monetary Fund

The Arab Monetary Fund (AMF) signs MoU with NPCI International Payments Limited (NIPL) to facilitate cross-border payments via Buna and Unified Payment Interface (UPI), to enhance economic and financial ties between India and the Arab region

2022-03-10

Buna and NIPL aim at establishing a strategic partnership to support interoperability between their instant payment services

Abu Dhabi, 8 March 2022: Mr. Mehdi Manaa, CEO of Buna, the cross-border and multi-currency payment system owned by the Arab Monetary Fund (AMF), and Mr. Ritesh Shukla, CEO of NPCI International Payments Limited (NIPL), the international arm of National Payments Corporation of India (NPCI), today signed a Memorandum of Understanding (MoU) establishing the foundation for a partnership between Buna and NIPL, to implement payment solutions that lead to interoperability between their instant payment services and allow their participants to exchange cross-border payments in a cost-effective and secure way, instantly, 24 hours a day and 365 days a year.

Dr. Abdalla Sirag

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Dr. Ali Bendob

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UNDERSTANDING THE DYNAMIC CORRELATION BETWEEN BITCOIN, GOLD, OIL, AND STOCK MARKET INDICES IN THE SELECTED ARAB COUNTRIES: APPLICATION OF THE DCC-GARCH MODEL TO THE BANKING AND INSURANCE SECTORS

Read more about UNDERSTANDING THE DYNAMIC CORRELATION BETWEEN BITCOIN, GOLD, OIL, AND STOCK MARKET INDICES IN THE SELECTED ARAB COUNTRIES: APPLICATION OF THE DCC-GARCH MODEL TO THE BANKING AND INSURANCE SECTORS

The Arab Monetary Fund (AMF) and UnionPay International collaborate to support the growth of cross-border payments in the Arab region and beyond

2022-02-24

The signing of a Memorandum of Understanding to create interoperability between Buna and UnionPay will expand the services provided to their network of participants

Abu Dhabi 23 February 2022: The Arab Monetary Fund (AMF) and UnionPay International (UPI), announced today the signing of a Memorandum of Understanding (MoU) to establish cooperation and create interoperability between Buna (the cross-border and multi-currency payment system owned by the AMF) and UnionPay. Under the terms of this MoU, Buna and UnionPay will be connecting their payment systems to introduce to their network of participants, fast, efficient, and multi-currency cross-border payment solutions.

In this context, interlinking Buna and UnionPay’s payment systems will represent a step forward in both entities’ efforts to contribute to the global efforts to improve the accessibility and efficiency of cross-border payments.