Abu Dhabi, 11th August 2022: Buna, the cross-border payment system owned by the AMF, holds today a workshop to shed light on several key capabilities and live experiences that are of interest to Buna’s banking community, namely an overview on its Application Programming Interface (API), Buna’s plans for extending its operating window, and various compliance aspects including sharing live experiences and findings.

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.

The Arab Monetary Fund (AMF) will increase the use of responsible digital payments in its programs and operations to boost financial inclusion, transparency and efficiency. The AMF will continue to prioritize youth, women and small businesses in its efforts on payment digitization, helping advance the Sustainable Development Goals.

H.E. Dr. Abdulrahman A. Al Hamidy, Director General Chairman of the Board of the Arab Monetary Fund, said: “Making responsible payment digitization a reality across our member countries will help bring many more citizens, particularly youth, women and small businesses, in the financial system, in a way that serves their needs. By doing that, Arab nations will foster sustainable growth, create employment opportunities, reduce inequality and maintain financial stability”.