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Nexus picks operators to build and run ‘network of networks’

CEO expects global scalability following launch of multi-country fast payments linkage

Left to right: Praveen Rajan (PayNet CEO), Chua E Long (PayNet COO), Andrew McCormack (NGP CEO), Lawrence Chan (Nets Group CEO), Saw Choo Tatt (Nets Solutions CEO)
Left to right: Praveen Rajan (PayNet CEO), Chua E Long (PayNet COO), Andrew McCormack (NGP CEO), Lawrence Chan (Nets Group CEO), Saw Choo Tatt (Nets Solutions CEO)

Nexus has appointed Singaporean and Malaysian operators to design and operate a network to connect the fast payments systems of countries amounting to more than a quarter of the world’s population.

Nexus Global Payments (NGP) announced today (February 9) that it had appointed Payments Network Malaysia (PayNet) and Network for Electronic Transfers Singapore (Nets) to build the system following a competitive process. In a statement, NGP said bidders for the contract were evaluated based on their

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