Bank Muscat joins Buna platform to enhance customer experience

Bank Muscat joins Buna platform to enhance customer experience

Bank Muscat, the leading financial services provider in the Sultanate of Oman, has joined Buna, the Arab payment system operated by the Arab Regional Payments Clearing and Settlement Organization (ARPCSO), a subsidiary of the Arab Monetary Fund (AMF), to provide an enhanced customer experience through innovative solutions.

A state-of-the-art payment platform, Buna provides clearing and settlement services across the Arab region in multiple currencies. It provides modern payment solutions that comply with international standards, principles and compliance requirements. Payments are settled in real-time as the remitter and beneficiary banks are direct platform participants. The Buna system aims to increase opportunities for economic and financial integration in the region, in addition to strengthening investment relations with trading partners.

Talal Abdul Hameed Al Zadjali

Deputy GM-Operations

Bank Muscat “Bank Muscat is delighted to enhance customer experience by joining the Buna payment system. This will enable our customers to send and receive cross-border multi-currency payments. Going ahead, the bank will continue its investments in cutting-edge technology to ensure the highest standards throughout the payment chain. As the leading financial services provider in Oman, we are committed to offering the latest financial services and solutions in line with global financial trends.”

Bank Muscat is focused on maintaining its leadership