Central bankers weigh up prospects for Project Nexus
Policy-makers from Asean states, India and EU discuss goals for multilateral cross-border payments link
Policy-makers highlighted scalability and governance issues surrounding Project Nexus – the initiative to link up multiple domestic instant payment systems (IPSs) at the Singapore Fintech Festival on November 7.
The Nexus team has been developing a standard way for IPSs to connect with one another, with the aim of making cross-border payment links easier to establish. The project has previously gone through proof-of-concept and trial stages. In July, the team said it was bringing the project
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