Oman’s Bank Nizwa leverages Buna’s digital platform for safe payment service

Oman’s Bank Nizwa leverages Buna’s digital platform for safe payment service

Bank Nizwa, the leading Islamic bank and most trusted in Oman, has partnered with Buna, a cross-border payment system fully owned by the Arab Monetary Fund, to provide its customers with seamless payments in both Arab and international currencies, within a safe, risk-controlled and transparent environment.

Buna currently facilitates payments in four Arab currencies, the UAE Dirham, Saudi Riyal, Jordanian Dinar and Egyptian Pound, as well as two international currencies, the US Dollar and the Euro. It is worth highlighting that Buna is actively working towards expanding its services to include more Arab currencies in the near future.

Through this alliance, Bank Nizwa aims to expand its payment capabilities by leveraging Buna’s digital platform, offering its clients faster, safer and more cost-effective payment solutions. This partnership aligns with Bank Nizwa’s digitalization strategy, which focuses on using digital innovations to deliver cutting-edge financial services and support the economic and financial integration of the Arab region.

Khaled al Kayed

CEO – Bank Nizwa “Our partnership with Buna demonstrates Bank Nizwa’s unwavering commitment to driving innovation and digitalization in the financial industry. By leveraging Buna’s state-of-the-art digital platform, we can provide our customers with a seamless cross-border payment experience, whilst also unlocking new avenues for growth and