The collaboration combines Mastercard Move’s money transfer capabilities and extensive network with Buna’s cross-border payment system to facilitate seamless cross-border payments into and out of the MENA region. The collaboration will see Mastercard join Buna’s cross-border payment systems as a direct participant. Key benefits of the partnership include:• Enables financial institutions around the globe to send fast, transparent and cost-efficient payments to Buna participants via a single connection to Mastercard Move. Alan Marquard, Head of Transfer Solutions, Mastercard, said: “Today’s announcement is a major milestone in unlocking fast, transparent and cost-efficient cross-border payments into and out of the MENA region. Mastercard Move provides banks, non-bank financial institutions, direct disbursers, and their customers with a fast, secure money transfer solution, both domestically and internationally.

Source: The North Africa Journal November 06, 2024 12:05 UTC