Nexus Global Payments

What Nexus Global Payments does

Nexus Global Payments (NGP) is a not-for-profit, central-bank-owned organization incorporated in Singapore on March 26, 2025, that manages the Nexus multilateral payment scheme connecting domestic instant payment systems (IPS) across borders. Its core product is a single-integration platform that allows national IPS operators to interoperate with peer systems in member countries, eliminating the need for country-by-country bilateral connections and supporting ISO 20022-compliant real-time cross-border payments between retail, corporate, and remittance endpoints. The technology stack is API-first, built on ISO 20022 messaging standards, and hosted on AWS, with the PayNet–NETS joint venture acting as the Nexus Technical Operator for day-to-day operations.

NGP is governed and capitalized by its founding central banks — Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, Monetary Authority of Singapore, and Bank of Thailand — with Bank Indonesia joining as the sixth full participant in February 2026 and the European Central Bank participating as a Special Observer. The scheme is structured not to maximize profit but to deliver against G20 cross-border payment targets: lower cost, sub-60-second settlement, 24/7 availability, and broader access. Operational funding comes from founding-member contributions and participant fees, with the network still pre-operational and targeted for go-live in 2027.

End-user customers — banks, payment service providers, and FX providers — access the network through their domestic IPSO rather than via direct commercial contracts with NGP. Distribution is therefore multilateral and institutional: new countries are onboarded through the Nexus Council under bilateral and multilateral governance agreements, while downstream financial institutions join via their national regulators and IPS operators. The company is led by CEO Andrew McCormack and independent Board Chair José Beltrán, with a senior team drawn from BIS Innovation Hub, Payments Canada, EBA Clearing, ABN AMRO, and Worldline.

Name

Nexus Global Payments

Legal name

Nexus Global Payments

Website

https://nexusglobalpayments.org

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Nexus Global Payments is a not-for-profit, central-bank-owned organization in Singapore that operates the multilateral Nexus scheme, connecting domestic instant payment systems across borders via ISO 20022 and AWS infrastructure to enable real-time, low-cost cross-border payments for member countries' banks, PSPs, and FX providers.

Ownership category

akta.pro rank

Product category

Cross-Border Payment Infrastructure

NAICS

Wired and Wireless Telecommunications (except Satellite) (5171), Wired Telecommunications Carriers (517111)

SIC

Telegraph & Other Message Communications (4822)

akta.pro primary industry

Cross-Border Payment Routing, Orchestration & Connectivity (FSAMAIAK)

akta.pro secondary industries

Payment Gateways & API Connectivity (FSAGABAB), International Money Transfer Operators (MTOs) (FSAMAIAE)

Keywords

• Cross-border payments
• Instant payment systems
• Payment infrastructure
• ISO 20022 messaging
• Multilateral payment scheme

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Not-for-profit multilateral scheme: Nexus operates as a not-for-profit multilateral payment scheme. The network is designed to minimize costs for participants. Revenue is not the primary objective; instead, the scheme aims to provide low-cost, efficient cross-border payment services aligned with G20 targets. Operational costs are covered through participant fees and contributions from founding central banks.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Nexus Global Payments (NGP) operates a multilateral, not-for-profit payment scheme that interconnects domestic Instant Payment Systems (IPS) across countries, enabling real-time cross-border payments. Through a single integration, payment system operators gain access to a global network, replacing multiple bilateral connections with one standardized interface built on ISO 20022 messaging standards and AWS-hosted cloud infrastructure.

Product overview

Nexus Global Payments operates as a single unified platform — the Nexus multilateral instant cross-border payments scheme — dedicated to transforming cross-border transactions by connecting domestic Instant Payment Systems globally. The Nexus Payment Platform is the core infrastructure that enables secure, real-time international payments through standardized connections between payment systems. The Nexus Technical Documentation portal (docs.nexusglobalpayments.org) provides the complementary developer-facing component, offering API specifications and ISO 20022 message guidelines that allow payment system operators, banks, PSPs, and FXPs to integrate with and participate in the Nexus network.

Differentiator

Problem solved

Functional benefit

Products and services

• Nexus Payment Platform Multilateral instant cross-border payments scheme that standardizes connections between domestic Instant Payment Systems (IPS), allowing payment system operators to integrate once and gain access to a global network for real-time international transfers. Targeted at central banks, payment system operators, banks, payment service providers, and FX providers.
• Nexus Technical Documentation Developer portal (docs.nexusglobalpayments.org) providing detailed technical and functional documentation including ISO 20022 message specifications and API specifications for payment system operators, banks, payment service providers, and FX Providers to integrate with the Nexus network.

Quantifiable outcome

• Designed to address G20 targets for cross-border payments: reducing cost to less than 1% of transaction value, improving speed to within 60 seconds, increasing transparency and predictability, and enhancing access for underserved populations
• +1 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, minor and flagship.

• PayNet and NETS Joint VenturecoreTechnology or Integration · 1 April 2025PayNet (Payments Network Malaysia) and NETS (Singapore) formed a joint venture to serve as the Technical Operator for the Nexus network. The JV provides the technical infrastructure, operations, and maintenance of the multilateral payment system, including system integration, technical design, and day-to-day network operations. This is the primary operational partnership enabling the entire network to function.
• Amazon Web Services (AWS)coreTechnology or Integration · 1 April 2025AWS provides cloud infrastructure to support the technical design, development, and deployment of the Nexus network. As the cloud platform provider, AWS underpins the network's scalability, reliability, and global reach, enabling the system to handle cross-border payment volumes across member countries.
• EndavacoreImplementation/ SI/ Consulting Partner · 1 April 2025Endava, a technology consulting firm, supports the technical design and development of the Nexus network. Endava contributes software engineering, system architecture, and implementation expertise to build and operationalize the multilateral payment infrastructure.
• Bank Indonesia (Indonesian Central Bank)minorOthers · 1 April 2025Bank Indonesia participates as a Special Observer in the Nexus network, providing governance input and monitoring the network's development without full membership status. Special observers include central banks and multilateral institutions that are evaluating participation or have strategic interest in the network.
• European Central Bank (ECB)minorOthers · 1 April 2025The European Central Bank participates as a Special Observer in the Nexus network, observing governance proceedings and evaluating the network's potential integration with European payment systems such as TIPS or SEPA Instant.
• Latin American Reserve Fund (FLAR)minorOthers · 1 April 2025FLAR participates as a network member in the Nexus multilateral scheme, representing Latin American financial institution interests and providing a bridge to potential future expansion into Latin American countries that have instant payment systems.
• Five Founding Central Banks (India, Malaysia, Philippines, Singapore, Thailand)flagshipStrategic or Co-development Partner · 1 April 2025Five central banks — Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, Monetary Authority of Singapore, and Bank of Thailand — co-founded the Nexus multilateral payment scheme. They provide governance through a Council, initial capital and operational support, and serve as the first network participants. These founding members are the primary decision-making and strategic partners for the scheme's development and expansion.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• SWIFT: Global incumbent for cross-border payment messaging and interbank connectivity. NGP is positioned as a complementary or competitive alternative to SWIFT's correspondent banking and SWIFT GPI rails, particularly for instant retail and SME cross-border payments.
• Visa Cross-Border Solutions: Visa's suite of cross-border B2B and consumer payment products including Visa Direct. Broad incumbent in cross-border payments with extensive bank-side distribution; not specialized in central-bank multilateral rails like NGP.
• Mastercard Cross-Border Services: Mastercard's cross-border payment capabilities (including Send and various B2B offerings). A broad incumbent that competes for the same bank and PSP demand for cross-border transfers, with established global card and account-based rails.

Direct peers

• BIS Project Agorá: BIS Innovation Hub initiative applying unified ledgers for cross-border tokenized settlement, involving many of the same central banks. Directly competes with NGP for the same G20-aligned cross-border payment mandate and member central-bank attention.
• Wise (formerly TransferWise): Leading private cross-border payments provider with multi-currency account-to-account transfer infrastructure. Comparable in targeting faster/cheaper cross-border payments for retail and SME customers, but operates as a private company without central-bank ownership.
• TIPS (TARGET Instant Payment Settlement): ECB-operated pan-European instant payment system that, like NGP, enables real-time settlement but is a domestic/Eurosystem platform rather than a multilateral cross-border scheme. Represents a potential integration target or alternative model for European expansion of NGP.
• Thunes: Cross-border payments network connecting payment service providers, mobile wallets, banks, and traditional institutions across emerging markets. Comparable as a multi-corridor real-time cross-border payment network targeting financial inclusion and emerging-market remittance flows.
• PayPal Xoom: Digital remittance service operating across numerous corridors with bank, wallet, and cash-payout options. Directly comparable as a consumer/small-business cross-border payment provider, particularly active in NGP's core ASEAN and India corridors.

Emerging players

• Ripple: Blockchain-based cross-border payment network used by banks and PSPs for real-time international transfers. Competes for the same bank and PSP demand for instant cross-border settlement, but uses distributed-ledger technology rather than ISO 20022 messaging over domestic instant payment systems.

Others

• UPI (Unified Payments Interface): India's flagship domestic real-time payment system operated by NPCI, one of the founding participants in NGP via the Reserve Bank of India. A direct integration partner for Nexus, and a comparable real-time payment rail being adapted for cross-border use through the NGP scheme.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nexusglobalpayments

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nexus Global Payments