• Buna participants will be able to leverage their existing Buna infrastructure to connect to Mastercard Move to make fast, secure and efficient payments to regions and corridors outside MENA, leveraging Mastercard’s extensive network. Today’s announcement is a major milestone in unlocking fast, transparent and cost-efficient cross-border payments into and out of the MENA region. It also underscores Mastercard commitment to improving cross-border payments by connecting existing systems and boosting their reach and efficiency. – Alan Marquard, Head of Transfer Solutions, MastercardBuna was founded with the mission to make cross-border payments more accessible and easier for people and businesses in the Arab countries. Mastercard’s joining our cross-border and multi-currency payments system is a major development, complementing our existing banking partners and helping boost financial inclusion, growth and trade across the region.

Source: The North Africa Journal November 07, 2024 11:36 UTC