“The collaboration leverages existing infrastructure and connections, avoiding the need for major investments or adjustments from banks while allowing them to service their consumer and corporate clients more effectively,” says Alan Marquard, Head of Transfer Solutions at Mastercard.
Technical Framework
Mastercard Move maintains connections in more than 180 countries, supporting 150 currencies and reaching 95% of bank account holders globally.
This network will now connect with Buna’s regional infrastructure, which focuses on payments between Arab nations and their trading partners.
The system operates through the Arab Regional Payments Clearing…
