Ashur Bank and Buna Payments Forge Partnership to Transform Arab Payments Landscape
16-12-2023

Ashur Bank and Buna Payments Forge Partnership to Transform Arab Payments Landscape

In a collaborative meeting in Abu Dhabi, Ashur Bank, a subsidiary of Al Handal International Group, solidified its partnership with the Buna platform. Led by CEO Ziad Fatayer, Ashur Bank is set to play a significant role in this regional institution for clearing and settling Arab payments.

The Buna platform, fully owned by the Arab Monetary Fund, facilitates seamless payments between Arab countries with strong backing from Arab central banks, including Iraq's Central Bank.

Ziad Fatayer, CEO of Ashur Bank, emphasized the platform's role in fostering financial integration within the Arab region. Ashur Bank, joins as an early adopter of this transformative platform.

Mehdi Manaai, CEO of Buna platform, highlighted the platform's mission to simplify cross-border transfers, including services like facilitating salary payments for Iraqi retirees residing outside their homeland.

This collaboration positions Ashur Bank as a proactive contributor to regional financial connectivity, embracing innovation and fostering economic cooperation among Arab nations. Together, Ashur Bank and the Buna platform lay the groundwork for a seamless and interconnected financial future.

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