Friday, November 29, 2024
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Posted by: Sierra Lindemann
In a pioneering public-private partnership, Mastercard and the Arab Regional Payment System, Buna, are teaming up to improve cross-border payments into and out of the MENA region. Leveraging Buna’s real-time and 24/7 settlement infrastructure, and Mastercard
Move’s expansive network, the collaboration aims to address costly and time-consuming cross-border transactions. Key benefits include faster more transparent and cost-effective payments for financial institutions, underpinned by strict compliance measures
for enhanced security.
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