APAC Payment Systems Connect Domestically to Reach New Markets
Five Southeast Asian countries and India explore cross-border payment links without building separate connections for each market.
In brief
Five Southeast Asian countries and India explore cross-border payment links without building separate connections for each market. Real-time payment networks can expand internationally through shared frameworks or existing global platforms, reducing costs and delays. Originally reported by Pymnts.
Five Countries Build Common Framework
Malaysia, Singapore, Thailand, Indonesia, and the Philippines are connecting national real-time payment systems through Project Nexus.
India Tests UPI-Alipay+ Connection
India’s Unified Payments Interface could link with Alipay+ to reach over 100 markets and 150 million merchants.
Project Nexus Reduces Costs
A shared framework lets payment systems connect once instead of multiple bilateral links, cutting delays and expenses.
Alipay+ Offers Global Reach
Alipay+ spans over 100 markets with 1.8 billion user accounts and 150 million merchants across Asia-Pacific.
Cross-Border Payment Models
Domestic payment systems can expand internationally through shared frameworks or existing global platforms without new connections at each border.
The main idea
Real-time payment networks can expand internationally through shared frameworks or existing global platforms, reducing costs and delays.
