Nexus Global Payments (NGP) has appointed a joint venture between Payments Network Malaysia (PayNet) and Network for Electronic Transfers Singapore (NETS) as the Nexus Technical Operator (NTO). This decision follows a competitive procurement process and represents a significant step in establishing a global payments infrastructure. The NTO will be responsible for building, operating, and maintaining the Nexus infrastructure, ensuring compliance with global standards, and enhancing cybersecurity and operational resilience.
The joint venture was chosen due to the proven track record of both ASEAN payment networks and their commitment to innovation. The NTO will collaborate with Amazon Web Services and Endava to deliver the technical design and development of the Nexus platform. This collaboration aims to ensure that Nexus meets international standards and is scalable from the outset.
Andrew McCormack, CEO of NGP, stated, “Our partnership with PayNet and NETS is a major milestone towards our vision for an interoperable global payments network.” Praveen Rajan, CEO of PayNet, expressed pride in being part of this initiative, highlighting Malaysia’s growing role in enabling cross-border payments. Lawrence Chan, Group CEO of NETS, noted the appointment as a vote of confidence in Singapore’s role in advancing payment innovation.
The selection of the NTO marks progress towards Nexus’s first live deployment, with technical development set to begin in early 2026 and a go-live target in 2027. Nexus aims to simplify cross-border payments by connecting domestic real-time payment systems, reducing costs, and enabling instant international transactions.
