Amongst its other offerings, Buna will be providing trade finance solutions, securities settlement, and ATM/ POS processing service, at a later stage. This growing list of solutions will complement Buna’s current offering of multi-currency cross-border interbank payments, commercial payments, and consumer remittances.
The platform has onboarded four currencies, including the USD, since its launch 12 months ago by the Arab Monetary Fund (AMF). There are also plans to onboard the EUR and other currencies. So far, approximately 90 banks from the Arab region are being onboarded out of more than 130 that are in various stages of preparation.
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