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Looking ahead, the BIS said further trials would be run by Indonesia, Malaysia, the Philippines, Singapore and Thailand with the hope that "Nexus could eventually be implemented globally.*THIS LISTING IS FOR THE SALE OF THE LAND LOT ONLY* HOMEBUYERS, INVESTORS & BUILDERS! Do not miss this amazing opportunity for INSTANT EQUITY with this shovel-ready, leveled spacious lot in one of the HOTTEST neighborhoods in the City Of Atlanta-Pittsburgh.
The Bank for International Settlements (BIS), the central bank umbrella body, which helped oversee the "Nexus" trials, said the three countries involved had successfully sent payments between themselves using only mobile phone numbers. The ability to send money quickly and cheaply around the world has long been seen as something of a holy grail for policymakers due to the advantages it would bring for both people and companies.Ĭurrent transfers are slowed by the patchwork of more than 60 different instant payment networks, so central banks involved in the new tests have been working on ways to improve the process. LONDON, March 23 (Reuters) - A year of tests run by central banks in Italy, Malaysia and Singapore have spurred hopes for a global instant payments network accessible at the tap of a mobile phone.
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