Nexus’s new CEO on the future of the cross-border payments platform
Nexus Global Payments CEO Andrew McCormack discusses the multi-lateral instant payments system’s technical build-out, governance and launch strategy
Nexus – a platform that aims to connect countries’ fast payments systems with around a fifth of the world’s population – entered a new stage in April, leaving the Bank for International Settlements’ Innovation Hub and incorporating as a company named Nexus Global Payments (NGP).
NGP is owned by five ‘first-mover’ countries, represented by the central banks of India, Malaysia, the Philippines, Singapore, and Thailand, and is a Singapore-based, not-for-profit company limited by guarantee. NGP
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