Nexus Global Payments Appoints PayNet and NETS Joint Venture as Technical Operator for Interoperable Global Payments

Nexus Global Payments (NGP) has officially appointed the joint venture between PayNet and NETS as the Nexus Technical Operator (NTO).

This landmark decision follows a competitive global procurement process that evaluated technical prowess, resilience, and alignment with NGP's vision for instant cross-border payments.

Roles and Strategic Partnership

The NTO will spearhead the building, operation, and maintenance of the Nexus infrastructure, ensuring top-tier cybersecurity and compliance with international standards.

Working alongside Amazon Web Services for cloud innovation and Endava for AI-driven engineering, the team will onboard domestic instant payment schemes worldwide.

Impact on Global Payments Landscape

This partnership promises a network-to-network ecosystem that revolutionizes cross-border transactions, making them faster, more transparent, and accessible.

By fostering financial inclusion, it empowers banks and non-banks across Asia and beyond to connect seamlessly in real-time payments.

PayNet brings proven domestic expertise from Malaysia's DuitNow services, while NETS contributes over four decades of secure payment solutions and pioneering regional links like the 2021 Singapore-Thailand corridor.

NGP CEO Andrew McCormack hailed the collaboration as a major milestone toward a resilient, scalable global network ready from day one.

PayNet CEO Praveen Rajan emphasized scaling their interoperability successes globally through Nexus.

NETS Group CEO Lawrence Chan underscored Singapore's leadership in cross-border innovation via this trusted infrastructure role.

With development kicking off in early 2026 and go-live targeted for 2027, Nexus is poised to redefine the future of international payments.