Nexus Global Payments (NGP) has taken a major step toward transforming international money transfers by appointing a joint venture between Payments Network Malaysia (PayNet) and Singapore’s Network for Electronic Transfers (NETS) as its Nexus Technical Operator (NTO). This decision follows a highly competitive global selection process and represents a key milestone in building a seamless and interoperable global payments infrastructure.
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The selection of PayNet and NETS reflects their strong reputation and proven experience in operating national payment systems. Both organizations have played a central role in advancing digital payment innovation within ASEAN, and their combined expertise positions them well to develop and manage the Nexus platform. As the Technical Operator, the joint venture will be responsible for building, operating, and maintaining the core infrastructure, ensuring it meets global standards for security, resilience, and scalability.
To support the development of the platform, the joint venture will collaborate with global technology leaders Amazon Web Services (AWS) and Endava. AWS will provide cloud infrastructure and advanced technology capabilities, while Endava will contribute its expertise in platform design and engineering. Together, these partners will help create a robust and future-ready system capable of supporting real-time international transactions.
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Andrew McCormack, CEO of Nexus Global Payments, emphasized the importance of this partnership in advancing the company’s long-term vision. He noted that Nexus is working to create a future where cross-border payments are instant, accessible, and seamlessly connected. By partnering with experienced and innovative organizations, Nexus aims to ensure the platform is ready for global adoption from day one.
PayNet CEO Praveen Rajan described the appointment as a significant achievement for Malaysia and a recognition of the country’s growing leadership in digital payments. He highlighted PayNet’s success in building domestic and regional payment systems and expressed confidence in extending that impact globally through Nexus. Similarly, NETS Group CEO Lawrence Chan emphasized Singapore’s continued role in advancing cross-border payment innovation and reaffirmed the organization’s commitment to building modern, scalable payment infrastructure.
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Nexus aims to simplify international payments by connecting domestic real-time payment systems across countries. Instead of relying on multiple intermediaries, the platform will allow users to send and receive money across borders instantly using familiar banking or payment applications. This approach reduces costs, improves transparency, and enhances speed, making global payments more efficient and accessible.
Technical development of the Nexus platform is expected to begin in early 2026, with the first live deployment planned for 2027. As Nexus moves closer to launch, this partnership marks a critical step toward creating a faster, more connected, and inclusive global payments ecosystem.
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