PayNet And NETS JV Awarded Contract To Be Nexus Technical Operator, With Support From Endava And AWS

Nexus Global Payments (NGP) appoints Payments Network Malaysia (PayNet) and Network for Electronic Transfers Singapore (NETS) joint venture as the Nexus Technical Operator (NTO). This follows a competitive procurement process involving global bidders and marks a major milestone in building an interoperable global payments infrastructure.

The evaluation of bidders considered technical capability, operational resilience, cost efficiency, and alignment with Nexus' vision for global interoperability. PayNet and NETS joint venture emerged as the preferred partner due to the proven track record of the two leading ASEAN payment networks behind it and their commitment to innovation and collaboration.

The newly appointed NTO will work closely with leading global firms 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 that has made cloud computing and generative AI accessible to organisations of every size and industry whilst Endava leads the end-to-end design and engineering, applying its AI-native approach and deep industry expertise to build a resilient, future-ready solution. This global delivery capability and collaboration ensures that Nexus is built to meet international standards, scalable from inception and reflects best practices drawn from a wide range of payment system environments. The NTO will be responsible for building, operating, and maintaining the Nexus infrastructure, ensuring compliance with global standards, and delivering robust cybersecurity and operational resilience. It will also coordinate the onboarding of entities that are responsible for managing domestic instant payment schemes that will connect to Nexus to enable the banks and non-bank entities participating in these domestic systems to be part of the network.