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 eurozone area. It said this will enable customers to send and receive cross-border payments instantly and securely.
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 eurozone area. It said this will enable customers to send and receive cross-border payments instantly and securely.
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