Nexus connects payment systems in Malaysia, Singapore and the eurozone
The BIS Innovation Hub has proven the feasibility of instant retail cross-border payments through multilateral platform, Nexus.
Last week, Bank Negara Malaysia (BNM), the Monetary Authority of Singapore (MAS) and the Bank for International Settlements (BIS) Innovation Hub Centre in Singapore jointly announced the successful connection of their markets’ domestic instant payments infrastructure with that of the eurozone.
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