The leading banking group in Morocco announces that it has joined the “Buna” initiative, the first pan-Arab multi-currency payments network, launched in December 2020 by the Arab Monetary Fund.
“Building on its position as a leading financial group in the MENA region, Attijariwafa bank has joined this initiative and has just finalized all the prerequisites to be operational on this payment platform,” said the banking group in a press release.
By joining Buna, Attijariwafa bank strengthens its leadership position at the national and regional levels and enriches its offer for its customers and partners. It also participates, through this initiative, in the development of the economic relations that Morocco maintains with the other countries of the Arab world, underlines the same source.
The “Buna” platform was launched in December 2020, by the Arab Monetary Fund. This is a new network intended for transfer operations between Arab countries initially, which will subsequently be integrated with other international payment networks around the world.
The main objective of this network, based in the United Arab Emirates, is to develop trade and investment exchanges between countries in the Arab world, and then with their international partners.