KUALA LUMPUR: Bank Negara Malaysia (BNM) is working with ASEAN 5 (Indonesia, Philippines, Singapore, Thailand, and Malaysia) together with the Bank for International Settlements Innovation Hub in Singapore to put in place a multilateral platform for cross-border payment connectivity.
BNM assistant governor Suhaimi Ali said, known as Project Nexus, it aims to make transactions across borders to be efficient, similar to the domestic payment system.
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