The Bona Payments Platform (the payment system operated by the Regional Corporation for Arab Clearing and Settlement of Payments, owned by the Arab Monetary Fund) held a workshop to discuss developments on the uses of central bank digital currencies (CBDCs), current initiatives and future opportunities. With the participation of members of the “Bani” platform for payments from banks, and the presence of a number of financial and banking institutions from the Arab region and abroad,
The “Bunna” payment platform is committed to raising awareness and aims to provide the latest developments in this topic and to promote innovation and progress in the financial sector. To achieve this, the workshop hosted high-profile speakers representing the Bank for International Settlements, the Bank of France, the Italian Central Bank, and the SWIFT Association, to share a comprehensive overview of the topic from a practical and strategic perspective with the aim of anticipating potential future developments related to central bank digital currencies and how the financial services sector can Prepare for this change. The workshop was attended by more than 200 participants representing central banks, financial and banking institutions, and payment and financial services providers from the Arab region and abroad, to learn about these important and vital topics, and to follow up on the development of the business and services of the “Bunna” payment platform and its future plans.
Mr. Mahdi Manea, CEO of the Foundation, said, “The workshop raised the issue of digital central bank currencies, highlighting them, and promoting awareness that can drive progress and help shape the future of the financial services sector at the global level.”
Mr. Manea added: “This workshop takes on an informative nature and strengthens the position of the “Bunna” payment platform as a center for knowledge sharing in the financial services sector, and confirms its leadership role in developing cross-border payments, in order to build a stronger and more flexible platform that benefits all participating banks and financial institutions.
The “Bani” payment platform is the payment system operated by the Regional Corporation for Clearing and Settlement of Arab Payments, which is owned by the Arab Monetary Fund. Including central and commercial banks, to send and receive intra-Palestinian payments throughout the Arab region and abroad in a safe and reliable manner at an appropriate cost and high efficiency. The “Bunna” payment platform provides participants with modern payment solutions that comply with international standards, principles and international compliance requirements. The “Bunna” payment platform contributes to enhancing opportunities for economic and financial integration in the Arab region, enhancing financial inclusion, and supporting investment and trade ties with commercial partners on various continents. It is noteworthy that participation in the platform is available to all banks and financial institutions that meet the criteria and conditions for participation in it, foremost of which are the standards and procedures related to compliance aspects.
