, /PRNewswire/ — Nexus Global Payments (NGP) today announced a series of significant governance and network expansion milestones, reinforcing its commitment to advancing seamless, interoperable cross‑border payments.
As part of its ongoing efforts to strengthen governance, NGP has appointed Mr. José Beltrán as its first independent Board Chair. Mr. Beltrán brings extensive payments and leadership experience from the European payments market as Program Director for the development of EBA Clearing’s Pan European system STEP2 and active participant in the development of the EPC’s SEPA Rule Books. Mr. Beltrán was also President of EACHA (European Automated Clearing House Association) and Board member of the European Card Stakeholder Group. His strategic vision, stakeholder diplomacy, and operational expertise will guide NGP as it continues to build a trusted, collaborative global payments network.
“I am honoured to be appointed Board Chair of Nexus Global Payments and look forward to working closely with my fellow directors and the executive team to deliver NGP’s new and innovative globally important payments infrastructure and network, a very important step towards achieving global instant payments’ interoperability built on strong a governance, open to market evolution and fostering progressive growth,” said José Beltrán.
Momentum continues in the expansion of the Nexus with the NGP’s five founding central banks—Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, Bank of Thailand, and Monetary Authority of Singapore—welcoming the full participation of Bank Indonesia. Previously participating as a Special Observer, Bank Indonesia will now move forward with work to connect its national instant payment system to Nexus.
Indonesia’s inclusion is particularly significant given its position as one of the world’s largest remittance corridors, both as a major source of migrant workers and a recipient of overseas remittances.
The European Central Bank (ECB), also a Special Observer, confirmed its Governing Council’s decision to “continue the work on the feasibility of a potential connection to Nexus Global Payments while in parallel completing the necessary legal arrangements and agreements.” See link to ECB announcement here.
In parallel, NGP continues to engage actively with other interested jurisdictions. Most recently, NGP signed a Memorandum of Understanding with the Latin American Reserve Fund (FLAR), a regional financing arrangement for Latin America, to facilitate exploratory work for future connectivity with FLAR member countries.
“We are pleased to welcome José Beltrán as our inaugural Board Chair, whose experience and leadership will be instrumental as we move into our next phase of growth. The addition of Indonesia in our network, alongside ECB’s continued feasibility work and FLAR’s decision to formalise cooperation, reflects the growing momentum and confidence in Nexus,” said Andrew McCormack, Chief Executive Officer of NGP. “Together, these developments are laying the foundations for a more connected, efficient and inclusive international payments ecosystem—one that supports public policy objectives and advances the G20’s cross-border payments agenda.”
About Nexus Global Payments
Nexus Global Payments (NGP) is a not-for-profit organization managing the Nexus scheme, a global platform designed to enable fast, secure, and interoperable cross-border instant payments. Established in March 2025 by the central banks and instant payment system operators of India, Malaysia, the Philippines, Singapore, and Thailand, NGP oversees the implementation and governance of Nexus, originally developed by the Bank for International Settlements in collaboration with central banking partners. Headquartered in Singapore, NGP works to extend domestic instant payment capabilities across borders, supporting more efficient and inclusive international payments.
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Contact:
Benjamin Lee
Nexus Global Payments
[email protected]
SOURCE Nexus Global Payments
