February 9, 2026 — Leads & Copy — Nexus Global Payments (NGP) has selected Payments Network Malaysia (PayNet) and Network for Electronic Transfers Singapore (NETS) joint venture as the Nexus Technical Operator (NTO). According to the organization, this decision follows a competitive procurement process that included global bidders and marks a significant step in building a global payments infrastructure that is interoperable.
PayNet and NETS joint venture were chosen based on their technical capability, operational resilience, cost efficiency, and alignment with Nexus’ vision for global interoperability. The two leading ASEAN payment networks have a proven track record of innovation and collaboration.
The NTO will collaborate with Amazon Web Services (NASDAQ: AMZN) and Endava (NYSE: DAVA) to deliver the technical design and development of the Nexus platform. Amazon Web Services is a global cloud technology leader, and Endava leads the end-to-end design and engineering, using its AI-native approach and industry expertise to build a resilient solution. This collaboration ensures that Nexus meets international standards, is scalable from inception, and reflects payment system best practices.
The NTO will be responsible for building, operating, and maintaining the Nexus infrastructure, ensuring compliance with global standards, and delivering cybersecurity and operational resilience. It will also coordinate the onboarding of entities responsible for managing domestic instant payment schemes.
According to Andrew McCormack, CEO of NGP, the partnership with PayNet and NETS is a major milestone towards realizing the vision of an interoperable global payments network. He expressed confidence that Nexus will be resilient, aligned with international standards, and ready for future global scale.
Praveen Rajan, CEO of PayNet, stated that being selected as the Nexus Technical Operator alongside NETS is a significant honor for Malaysia, reflecting trust in their domestic capabilities and track record in enabling cross-border payments. He added that PayNet is ready to scale its impact globally through Nexus.
Lawrence Chan, Group CEO of NETS, stated that the appointment reflects confidence in their ability to build and operate payment infrastructure at scale and reinforces Singapore’s role in advancing cross-border payment innovation. He added that the NETS Group was involved in establishing the first bilateral cross-border linkage between Singapore and Thailand for account-to-account transfers in 2021 and they are excited to bring this spirit of innovation to enable seamless cross-border payments through a ‘network-to-network’ ecosystem.
PayNet is Malaysia’s national payments network and shared infrastructure provider, operating services such as DuitNow Transfer and DuitNow QR. NETS is Singapore’s payment solutions provider. The joint venture combines PayNet’s domestic expertise and NETS’ technical capabilities to deliver a platform for Nexus.
The selection of the NTO represents progress toward Nexus’s first live deployment across its initial cohort of countries. Technical development is scheduled to begin in early 2026, with a go-live target for 2027.
Nexus simplifies cross-border payments by connecting domestic real-time payment systems. It reduces reliance on intermediaries, cuts costs, and enables users to send and receive money internationally within seconds, through banking or payment apps.
Nexus Global Payments (NGP) is a not-for-profit organization founded in March 2025 that manages the Nexus scheme. Nexus standardizes connections between instant payment system (IPS) operators, allowing them to integrate once and gain access to a network of countries. NGP’s mission is to enable instant, secure, and efficient international payments. NGP’s founding partners include central banks and IPS operators from India, Malaysia, the Philippines, Singapore, and Thailand.
PayNet is Malaysia’s national payments network with a mission to accelerate the country’s payment flows by making the digital payment infrastructure more accessible, widespread, and secure. PayNet’s real-time retail QR payments network, DuitNow, is interoperable with domestic schemes in Singapore, Thailand, Indonesia, and Cambodia, facilitating cross-border transactions with these countries.
The NETS Group enables digital payments for merchants, consumers, and banks across the entire payments value chain. The Group operates Singapore’s national debit scheme enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments at acceptance points in the country.
Source: Nexus Global Payments
