Water Buffalo (Bubalus bubalis) meat in the tropics is becoming more sought after. It is commonly called Bison. however, the American “buffalo” are actually bison. Scientifically, Bison bison. The only true buffalo are the Asian water buffalo and the African buffalo. The American bison are actually very closely related to the Wisent, which are European bison. The American bison (Bison bison) lives only in North America, while the two main buffalo species reside in Africa, Asia, South America, Canada and the Caribbean.