BNM works with Asean to realise cross-border payments by 2025

MALAYSIA and four other Asean countries will participate in the next phase of multilateral cross-border payment connectivity known as Project Nexus, Bank Negara Malaysia (BNM) said.

In the central bank’s Annual Report 2022 released today, it said it aims to translate the current Nexus solution into an operationally and commercially viable model by 2025.