AT THE OCCASION OF BUNA’S PREPARATION TO LAUNCH ITS INSTANT PAYMENT SERVICES THE ARAB MONETARY FUND (AMF) HOLDS A VIRTUAL WORKSHOP TO ELABORATE ON INSTANT PAYMENT IMPLEMENTATION AT REGIONAL AND GLOBAL LEVEL
The workshop is hosting guest speakers from the European Central Bank, Bank of Italy, Swift and senior managers representing instant payment operators and several commercial banks
More than 200 senior officials will attend the workshop, representing central banks and a wide spectrum of regional and global financial institutions
Abu Dhabi, 29 July 2021: The Arab Monetary Fund (AMF) holds today, Thursday July 29, 2021, a workshop to explore and discuss the status and recent developments related to instant payment activities in international markets and the Arab region.
The workshop comes in line with Buna (the cross-border payment system owned by the AMF) preparations to launch its instant payment settlement solution, adding another innovative component and a wider dimension to its diversified list of cross-border payment services.
During this workshop, guest speakers representing the European Central Bank (ECB), Bank of Italy (Banca d’Italia), SWIFT, Egyptian Banks Company for Technological Advancement (EBC), Jordan Payments & Clearing Company (JoPACC), Benefit Company, Mashreq Bank, Jordan Ahli Bank and Bank Albilad, will share their experience in instant payment implementation in their respective markets and shed light on the operational and economic benefits resulting from the adoption of this modern market infrastructure service.