New e-payment platform released by NCS and NETS for Central Banks in APAC

Tuesday 14 April 2020 15:19 CET | News

NCS has signed a memorandum of understanding (MOU) with the NETS Group to develop a new real-time electronic payment and securities settlement platform for central banks. 

The collaboration between Singtel’s NCS and Network for Electronic Transfers (NETS) Group covers joint research and development of a platform that allows interoperability with current and future payment systems and facilitates high value inter-bank fund transfers.

This will enhance the way central banks deliver monetary policies and critical market infrastructure to support financial stability, benefitting banks and new participants in the payment ecosystem.


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Keywords: e-payment, e-payment platform, NCS, Nets, Singtel, Central banks, APAC, MOU, payment system, inter-bank fund transfer, monetary policies, payment ecosystem
Categories: Banking & Fintech
Countries: Asia, Oceania, Pacific
This article is part of category

Banking & Fintech