Nexus Global Payments Strengthens Governance and Expands to Indonesia

Nexus Global Payments (NGP) has announced a landmark step forward by appointing its first independent Board Chair, Mr. José Beltrán, and expanding its global network to include Indonesia. This initiative marks a significant milestone in the organization's journey towards enhancing cross-border payment systems.

Appointment of José Beltrán

In an exciting development, NGP has enlisted the expertise of José Beltrán, known for his extensive background in the payments sector in Europe. Beltrán has held pivotal roles, including as Program Director for EBA Clearing’s Pan European system, STEP2, and as President of the European Automated Clearing House Association. With his wealth of experience and strategic vision, Beltrán is set to lead NGP as it continues to foster a collaborative global payments network.

Beltrán expressed pride in his new role, stating, "I am honored to be appointed Board Chair of Nexus Global Payments and look forward to working closely with my fellow directors and the executive team. Our mission is to create an innovative global payment infrastructure, crucial to achieving interoperability in instant payments and promoting progressive growth in the market."

Expansion into Indonesia

A pivotal aspect of this announcement is the inclusion of Indonesia into NGP’s network. Previously a special observer, Bank Indonesia will now engage actively in connecting its national instant payment system to the Nexus platform. Indonesia's participation is vital, given the country's significant position in the global remittance landscape, acting as both a source of migrant workers and a recipient of overseas remittances.

The addition of Indonesia not only enhances the capacities of NGP but also aligns with the shared goals of the five founding central banks of NGP—Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, Bank of Thailand, and Monetary Authority of Singapore. By welcoming Indonesia, NGP takes a substantial step towards creating a more cohesive and efficient cross-border payment ecosystem.

Continued Engagement with Global Jurisdictions

NGP is not just stopping at Indonesia; it is actively seeking partnerships with additional jurisdictions interested in joining its network. Recently, NGP entered a Memorandum of Understanding with the Latin American Reserve Fund (FLAR) to explore future connectivity with its member nations. This reflects NGP's commitment to fostering a globally connected payment system.

Andrew McCormack, CEO of NGP, emphasized the significance of these developments: "The addition of Indonesia, the ongoing feasibility work with the European Central Bank, and formalized cooperation with FLAR all indicate the growing momentum and trust in Nexus. Together, we are laying the groundwork for a more inclusive international payments ecosystem, supporting various public policy objectives and advancing the G20's agenda on cross-border payments."

About Nexus Global Payments

Nexus Global Payments, established in March 2025, is a non-profit organization dedicated to enhancing cross-border payment capabilities worldwide. The organization aims to ensure that transactions are fast, secure, and interoperable, managing the Nexus scheme that facilitates these payments. With its headquarters in Singapore, NGP collaborates with central banks and instant payment operators to address the growing need for efficient international payment solutions.

As NGP moves forward under the leadership of José Beltrán and expands its network, the focus remains steadfast on nurturing a collaborative and innovative approach to global payments, ensuring that they remain at the forefront of the financial ecosystem.