Bank Negara, BIS drive global cross-border payment innovation with Project Nexus

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The story "Bank Negara, BIS drive global cross-border payment innovation with Project Nexus" was covered 2 hours ago by The Star, a news publisher based in Malaysia.

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The Star 2h ago

Bank Negara, BIS drive global cross-border payment innovation with Project Nexus - The Star

Quick Summary:

KUALA LUMPUR: Bank Negara Malaysia (BNM), in collaboration with the Bank for International Settlements (BIS) and four other central banks, is advancing Project Nexus to enhance the efficiency of instant payment systems (IPS) for seamless cross-border transactions globally, with full operation expected by 2027.

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BIS is an international financial institution based in Switzerland.