Project Nexus partners incorporate Nexus Global Payments to run the cross-border payment scheme. The first mover central bank partners in Project Nexus – Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore, and Bank of Thailand – have formally incorporated Nexus Global Payments (NGP) in Singapore to operationalise and manage the multilateral instant cross-border payments scheme. NGP has appointed Benjamin Lee as the Interim Director. Mr Lee has been involved in the Nexus initiative since its incubation and will be seconded from the MAS to take on this role. NGP is commencing a procurement process to appoint a Nexus Technical Operator (NTO) to undertake the technical build and run the day-to-day operations of the Nexus scheme. The BIS is not an owner of NGP. As part of the handover, it will facilitate knowledge transfer and provide support until the first live Nexus transaction. Read full press release in this link: https://lnkd.in/geuRa_7g More information about NGP and the NTO procurement process following this link: https://lnkd.in/gHTJu67C Reserve Bank of India (RBI) Bank Negara Malaysia Bangko Sentral ng Pilipinas Monetary Authority of Singapore (MAS) Bank of Thailand #nexusglobalpayments #NGP
Nexus Global Payments
Financial Services
Enabling the future of global payments by making them faster, more accessible, and more efficient
About us
At Nexus Global Payments (NGP), we are transforming the future of cross-border transactions. Our mission is to enable instant, secure, and efficient international payments by seamlessly connecting domestic Instant Payment Systems (IPS) worldwide. Nexus is a groundbreaking global payments scheme that standardises connections between IPS operators, allowing them to integrate once and gain access to a growing network of countries. By eliminating the complexities and delays of traditional international payments, Nexus paves the way for a faster, more reliable global payment ecosystem. Founded in March 2025, NGP is a not-for-profit organization headquartered in Singapore, dedicated to managing the Nexus scheme and expanding its reach. Our founding partners—central banks and IPS operators from India, Malaysia, the Philippines, Singapore, and Thailand—are leading this initiative, with more participants set to join as the network grows. With Nexus, we are redefining the way businesses and consumers experience global payments, making cross-border transactions as seamless as domestic ones. For more information, visit www.nexusglobalpayments.org
- Website
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www.nexusglobalpayments.org
External link for Nexus Global Payments
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Singapore
- Type
- Nonprofit
- Founded
- 2025
Locations
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Primary
Get directions
Singapore, SG