Central Banks Go To Tender For Cross-border Payments Network Operator - Data Intelligence

Central Banks Advance Nexus for Global Instant Payments

The five central banks spearheading Project Nexus, a Bank for International Settlements (BIS) initiative, have taken a significant step forward. They have launched a procurement exercise to appoint a technical network operator. This move brings the project, aimed at interlinking domestic real-time payment rails across borders, closer to reality. Project Nexus is designed to provide a centralised… Source

Central Banks Go To Tender For Cross-border Payments Network Operator - Data Intelligence

The five central bank partners in Project Nexus, a Bank for International Settlements initiative to interlink domestic real-time payment rails across borders, have commenced a procurement execercise to appoint a technical network operator. Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Nexus is designed to provide a centralised single connectio…

Central Banks Seek Operator for New Cross-Border Payments Network | Fintech InShorts: Latest fintech news, analysis by experts

Exploring the Future of International Transactions in the Financial Landscape Highlights: Central banks are inviting tenders for an operator to manage a new cross-border payments network. The initiative aims to enhance efficiency and security in international financial transactions. This move is part of a broader strategy to modernize payment systems globally. In a significant development for the international financial landscape, central banks…