October 15, 2025

Project Nexus

Current Context : RBI ties up with ASEAN for instant cross-border retail payments under Project Nexus.

  • India’s Unified Payments Interface (UPI) and FPSs of Malaysia, the Philippines, Singapore and Thailand will be interlinked through

ABOUT NEXUS

  • It is a multilateral international initiative to enable instant cross-border retail payments.
  • It will connect faster payment systems of four ASEAN countries, including Malaysia, the Philippines, Singapore, Thailand, and India.
  • The Nexus platform is projected to play an important role in making retail cross-border payments “efficient, faster, and more cost-effective”.
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