Bank Negara and PayNet explore cross-border payment systems

KUALA LUMPUR: Bank Negara and Payments Network Malaysia Sdn Bhd are collaborating with international partners on a proof-of-concept to improve the cost and speed of cross-border payments.

The central bank said the proof-of-concept, dubbed Project Nexus, will explore the feasibility of linking the real-time payment systems in Malaysia, Singapore and the euro area.

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