As the digital economy accelerates, the demand for faster, more affordable and transparent cross-border payments has reached a critical point. Advancing multilateral payment systems is essential to meet this growing need. With global trade and financial flows increasing, robust and efficient payment infrastructure is no longer optional—it is vital for sustaining economic growth. Project Nexus, which aims to interlink domestic instant payment systems, offers a forward-looking blueprint for the future of international payments. The insights and lessons from this initiative will be instrumental in overcoming technological and regulatory challenges to create a seamless, low-cost global payment network.
Project Nexus is the first initiative from the BIS Innovation Hub in the payments space to move towards live implementation, fulfilling a core role in supporting central banks with innovative solutions that deliver public goods. It also represents a significant commitment under the G20 Roadmap for Enhancing Cross-border Payments. The BIS continues to provide technical advisory support to the participating countries, helping them bring Nexus to life and realise its global ambition. This industry directed roundtable will build on the insights gleaned from this multi-year international project and explore how prospects for instant cross-border could be positioned as a public good, by focusing on:
1. How to maximise the benefits for all stakeholders and harness the synergy of a multilateral platform to drive greater safety and efficiency in cross-border payments.
2. How to balance the vision of low-cost, transparent and instant cross border payments with the need to ensure financial sustainability in the longer term.
Attendees looking to prepare for the discussion may refer to the reference materials below to gain further insights:
- Project Nexus: enabling instant cross-border payments (bis.org)
- Project Nexus Overview
- Enabling & scaling instant cross-border payments
- Connecting to global scalability in payments: How we can benefit and contribute to the nexus
Insights Forum
Roundtable Room 4, Sands Expo & Convention Centre, Level 4
