# Nexus Overview

## Enabling instant cross-border payments

Nexus Global Payments (NGP) is a multilateral payment scheme dedicated to transforming cross-border transactions in line with the G20 Roadmap for Enhancing Cross-border Payments targets of speed, cost, accessibility, and transparency.

This site contains detailed technical and functional information about Nexus, and is written for the payment system operators, banks, payment service providers and FX Providers who may be participating in Nexus.

* If you are new to Nexus, we recommend starting with **chapter 2** of the [latest (2024) Nexus report](https://www.nexusglobalpayments.org/wp-content/uploads/2025/03/Project-Nexus-Report-Phase-3.pdf) for an overview of the scheme & governance, business model and technology architecture of Nexus.

This site contains detailed **technical documentation,** covering:

* [ISO 20022 message specifications](https://docs.nexusglobalpayments.org/messaging-and-translation/message-guidelines-excel) for Nexus
* [API specifications](https://docs.nexusglobalpayments.org/apis/overview)

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Nexus is not yet operational, and the information on this site will be updated as the design of Nexus is refined and improved.
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Over 100 countries already have instant (or "fast") payment systems that allow people to send money to each other within seconds. However, sending money abroad is often still slow and expensive. **Connecting these domestic payment systems internationally could improve the speed, cost and transparency of cross-border payments.**

**Nexus is designed to standardise the way that these systems connect to each other.** Rather than a payment system operator building custom connections for every new country that it connects to, the operator can make one connection to the Nexus platform. This single connection allows an instant payments system to reach all other countries in the network. Nexus could significantly accelerate the growth of instant cross-border payments

The Nexus blueprint has been developed over 3 years with significant input from instant payment system operators, central banks, commercial banks and payment service providers and FX providers who have a significant presence in FX markets and cross-border payments. We welcome further [feedback and suggestions](https://www.nexusglobalpayments.org/contact-us/) to enhance the blueprint.

### Next steps for Nexus

Originally conceptualised and developed by the Bank for International Settlements (BIS) in collaboration with central banking partners, Nexus standardises the way instant payment systems (IPS) connect across countries.

To bring this vision to life, Nexus Global Payments (NGP) was established on March 26, 2025 by the central banks and IPS operators of India, Malaysia, the Philippines, Singapore, and Thailand. These pioneering jurisdictions form the inaugural cohort of Nexus owners provided the foundational capital to build and scale the platform. As we grow, we aim to welcome additional participants and owners, fostering a truly global and interoperable payment network.


NGP is a not-for-profit organisation incorporated in Singapore, which is dedicated to managing the Nexus scheme and advancing the mission: to enable fast , efficient, and safe cross-border payments at scale. With NGP at the helm, Nexus has transitioned from a BIS-led initiative to an independent and collaborative effort, to shape the future of global payments.

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### Read the latest (July 2024) Report

This [**overview report**](https://www.nexusglobalpayments.org/wp-content/uploads/2025/03/Project-Nexus-Report-Phase-3.pdf) explains the benefits of linking IPS to provide cross-border payments and how Nexus could accelerate the growth of instant cross-border payments. It describes the scheme & governance, business model and technology architecture for Nexus. It builds on a year-long collaboration with 5 central banks and their payment system operators.

<img src="https://260996932-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FdlTzGEXDmi664xppppmm%2Fuploads%2Fgit-blob-4a82fa0407d838d0a19e8c359f895e0be636a0d9%2FReport%20Cover%20for%20Gitbook.png?alt=media" alt="" data-size="original">
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(Use of this website and the Nexus materials is subject to the [terms and conditions](https://docs.nexusglobalpayments.org/legal/copyright-terms).)


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