Mastercard and Buna Collaborate to Revolutionize MENA Cross-Border Payments

In an effort to transform the landscape of cross-border payments in the Middle East and North Africa (MENA) region, Mastercard has announced a strategic partnership with Buna, the Arab Regional Payment System. This collaboration integrates Mastercard Move, a cutting-edge cross-border money transfer platform, with Buna’s robust regional payment infrastructure. Established by the Arab Monetary Fund in 2018, Buna is renowned for its Real-Time Gross Settlement (RTGS) service, enabling immediate transactions between financial institutions. The combined strengths of both companies aim to tackle persistent challenges in cross-border payments, including high costs, extensive processing times, and lack of transparency. The unified platform seeks to offer seamless transactions in local currencies alongside major international denominations.

With both Mastercard and Buna leveraging their existing infrastructure, financial institutions can access Buna’s payment network simply through one integration with Mastercard Move. This eliminates the need for significant new investments or complex modifications to banks’ existing systems. Crucially, Buna’s system integrates compliance mechanisms that monitor Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) risks in real-time, ensuring secure and legitimate transactions. Alan Marquard, Head of Transfer Solutions at Mastercard, emphasizes that this collaboration will enhance service delivery to both consumers and corporate clients without substantial financial strain on participating banks.

Addressing Cross-Border Payment Issues

The partnership between Mastercard and Buna aims to address several longstanding issues that have plagued cross-border payments. Historically, such transactions have been hampered by prohibitive costs, lengthy processing times, and significant reliability and transparency concerns. Through their collaboration, both entities intend to streamline the process, thus making cross-border payments faster, more transparent, and significantly cheaper. One of the primary benefits of using Mastercard Move in conjunction with Buna’s infrastructure is the ability for financial institutions to process transactions in a variety of local and international currencies seamlessly. This capability will bode well for the MENA region’s trading ecosystem, facilitating smoother and more efficient business operations across borders.

The embedded real-time compliance mechanisms bolster the security and legitimacy of transactions handled by Buna. By proactively monitoring for AML and CTF risks, the system can detect and mitigate potential threats before they cause major issues. This compliance feature is particularly critical for instilling confidence among users about the safety and integrity of their cross-border dealings. Moreover, this layer of security aligns Buna with the Arab Regional Payments Clearing and Settlement Organization’s (ARPCSO) stringent compliance standards, ensuring robust transaction protection. By fostering a secure and transparent payment environment, the combined platform is poised to deepen financial integration among Arab countries and their international trade partners.

Streamlined Integration and Wider Reach

Integrating with Mastercard Move provides banks with immediate access to Buna’s RTGS service, which operates during extended hours and includes a continuous Instant Payments System. This seamless integration helps to minimize disruption, allowing banks to enhance their service offerings without overhauling existing systems. Mastercard Move’s expansive global connections—spanning over 180 countries and supporting 150 currencies—will now be seamlessly linked to Buna’s infrastructure. This integration, therefore, provides a unified solution for cross-border payments within Arab nations and their broad spectrum of trading partners. Financial institutions that participate in this system will be required to adhere to rigorous international compliance standards, ensuring that the platform remains reliable and trustworthy on all fronts.

The fusion of Buna’s regional focus with Mastercard’s extensive international reach is expected to herald a new era of financial inclusivity and integration across the Arab world. Mehdi Manaa, CEO of Buna, is particularly optimistic about the potential for this partnership to simplify and enhance cross-border payment processes for businesses and individuals alike. By leveraging this innovative infrastructure, Mastercard and Buna are well-positioned to drive greater economic interconnectivity, facilitating more efficient trade and investment activities throughout the MENA region.

Financial Integration and Future Prospects

Mastercard has entered a strategic partnership with Buna, the Arab Regional Payment System, to revolutionize cross-border payments in the Middle East and North Africa (MENA) region. This collaboration integrates Mastercard Move, an advanced cross-border money transfer platform, with Buna’s established regional payment infrastructure. Buna, founded by the Arab Monetary Fund in 2018, is known for its Real-Time Gross Settlement (RTGS) service, enabling instant transactions between financial institutions. This partnership aims to address persistent challenges in cross-border payments such as high fees, long processing times, and lack of transparency. The integrated platform will facilitate seamless transactions in local currencies alongside major global currencies.

By leveraging their existing infrastructures, financial institutions can access Buna’s payment network through a single integration with Mastercard Move, avoiding significant new investments or system modifications. Additionally, Buna’s system incorporates compliance mechanisms to monitor Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) risks in real-time, ensuring secure transactions. Alan Marquard, Head of Transfer Solutions at Mastercard, highlights that this collaboration will enhance services for both consumers and businesses without imposing substantial financial burdens on participating banks.

Explore more

How Is Cognitive ERP Transforming Modern Manufacturing?

The emergence of vertical AI agents like Epicor Prism allows manufacturers to identify operational risks and reduce manual effort within established logic. This shift represents a departure from legacy systems that historically functioned as static repositories of data. For decades, Enterprise Resource Planning (ERP) served primarily as a system of record, documenting financial and operational history after the fact. However,

How Does German Law Balance Volunteering and Employment?

An employer’s right to a focused workforce must be balanced against the constitutional protections that allow citizens to prepare for and hold political mandates at various levels. This foundational principle shapes the modern German labor market, where the concept of the dedicated employee often extends into the realm of Ehrenamt, or volunteering. This practice exists at a complex intersection of

The Stagnation of Omnichannel CX and the Strategic Role of AI

Only ten percent of customer experience leaders report that their organizations have achieved strategic omnichannel maturity despite years of digital transformation investment. This disconnect reveals a significant plateau where the mere addition of digital touchpoints has failed to produce a unified narrative for the modern consumer. While the technological landscape from 2026 to 2028 is expected to evolve rapidly, many

How Can Marketing Automation Drive Real ROI in 2026?

The primary goal of precision-based automation is to move specific high-value accounts forward through the funnel rather than generating a high volume of low-intent leads. In the current enterprise landscape, the sheer saturation of marketing technology has created a paradox where tools are exceptionally powerful, yet their ability to drive measurable pipeline growth remains a constant struggle for many organizations.

How Is BNPL Changing the Way We Manage Essential Costs?

The traditional perception of buy now, pay later services is evolving as these platforms become primary tools for managing essential recurring monthly expenses. This shift represents a fundamental transformation in consumer finance, moving away from the impulsive acquisition of fashion and electronics toward the pragmatic management of the household ledger. Recent data suggests that the utility of these short-term credit