The Bank of Thailand, along with the Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, and the Monetary Authority of Singapore, has formally launched Nexus Global Payments (NGP) in Singapore to operationalize Project Nexus — a multilateral, real-time cross-border payment scheme.

NGP is incorporated as a company limited by guarantee, operating as a not-for-profit organization, and will serve as the central body for building and managing the infrastructure that connects national Instant Payment Systems (IPS) under one global standard.

🔹 Benjamin Lee has been appointed Interim Director of NGP
🔹 NGP is launching a procurement process to select a Nexus Technical Operator (NTO) responsible for building and running the technical system

The initiative builds on the BIS Innovation Hub’s early development of Nexus. The European Central Bank and Bank Indonesia will serve as special observers, while BIS will provide advisory support during the initial implementation phase.

🌐 Visit: www.nexusglobalpayments.org for project documentation and technical details.