BUNA’S INTEROPERABILITY INITIATIVES

THE ARAB MONETARY FUND (AMF) HOLDS A VIRTUAL WORKSHOP ON BUNA’S INTEROPERABILITY INITIATIVES AND WAY FORWARD

The workshop is hosting speakers from the Bank of Italy, Visa and the Pan African Payment and Settlement System

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

Abu Dhabi, 14 October 2021: The Arab Monetary Fund (AMF) holds today, Thursday October 14, 2021, a workshop to elaborate on Buna’s (the cross-border payment system owned by the AMF) different initiatives to push the frontiers of cross-border payments and improve interoperability models in collaboration with operators of payment networks and market infrastructures.

During this workshop, guest speakers representing, the Bank of Italy, Visa and the Pan African Payment and Settlement system (PAPSS) will share their different experiences with Buna, and their views on the added value that strategic framework of cooperation between payment systems can bring to enhance cross-border payments across the globe.

The workshop will host more than 200 senior officials representing central banks, along with various institutions from the financial, banking and payment sectors in the region and beyond, seeking valuable information on Buna’s recent plans and developments.