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BSP, other Project Nexus partners set up entity to manage multilateral cross-border payments scheme - BusinessWorld Online

Summary by bworldonline.com
THE BANGKO SENTRAL ng Pilipinas (BSP) and the four other central banks in the region that are the “first movers” in an instant cross-border payments initiative have set up an entity to run the scheme, bringing it closer to live implementation. The BSP, Reserve Bank of India, Bank Negara Malaysia, the Monetary Authority of Singapore (MAS), and Bank of Thailand, the first-mover central bank partners in Project Nexus, have incorporated Nexus Global…
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bworldonline.combworldonline.com

BSP, other Project Nexus partners set up entity to manage multilateral cross-border payments scheme - BusinessWorld Online

THE BANGKO SENTRAL ng Pilipinas (BSP) and the four other central banks in the region that are the “first movers” in an instant cross-border payments initiative have set up an entity to run the scheme, bringing it closer to live implementation. The BSP, Reserve Bank of India, Bank Negara Malaysia, the Monetary Authority of Singapore (MAS), and Bank of Thailand, the first-mover central bank partners in Project Nexus, have incorporated Nexus Global…

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TechNode GlobalTechNode Global

Project Nexus partners incorporate Nexus Global Payments to run the cross-border payment scheme

Nexus Global Payments (NGP) has on Thursday announced that it has been formally incorporated as a company limited by guarantee in Singapore to operationalize and manage the Nexus scheme for enabling safe and instant cross-border payments at scale. NGP said in a statement that it will be run as a not-for-profit organization. Its incorporation by the five central bank partners in Project Nexus – Reserve Bank of India, Bank Negara Malaysia, Bangko …

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Fintech SingaporeFintech Singapore

Nexus Global Payments Officially Launches, Marking Move to Operational Phase - Fintech Singapore

A consortium of central banks has formally established Nexus Global Payments (NGP) in Singapore to manage a new multilateral cross-border payment system. The founding members are the Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore (MAS), and the Bank of Thailand. NGP, incorporated as a non-profit company limited by guarantee, will oversee the operationalisation of the Nexus scheme. Th…

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Fintech Singapore broke the news in on Thursday, April 3, 2025.
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