GOLDILOCKS
"The Bank for International Settlements (BIS) and partners today announced that they have completed the comprehensive blueprint for Phase Three of Project Nexus, which will allow ready participants to work towards the next stage of seamlessly connecting their Instant Payment Systems.
Phase four will see Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore, the Bank of Thailand and domestic IPS operators – who worked together in phase three – joined by the Reserve Bank of India, expanding the potential user base to India's Unified Payments Interface (UPI), the world's largest IPS."
Project Nexus is the first instant payment system (IPS) to implement cross-border International Payments at the touch of a button.
The BIS will be working closely with Central Banks and Unified Payments Interface (UPI) of India to move digital money internationally.
Project Nexus is currently moving towards Phase 4 that will incorporate other countries across the globe to begin the process of Instant Payment Solutions.
© Goldilocks
https://www.hubbis.com/news/project-nexus-completes-comprehensive-blueprint-for-connecting-domestic-instant-payment-systems-globally-and-prepares-for-work-towards-live-implementation#:~:text=The%20comprehensive%20blueprint%20for%20taking,way%20for%20greater%20global%20payment
https://www.bis.org/press/p240701.htm
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