2024年Nexus：实现即时跨境支付报告

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Project Nexus aims to enhance cross-border payments by interlinking domestic instant payment systems (IPS), enabling transactions to be completed within 60 seconds in most cases [14][18] - The initiative is aligned with the G20 Roadmap for Enhancing Cross-border Payments, which prioritizes speed, cost, transparency, and accessibility [14][31] - Nexus is designed to standardize the connection between various IPS, reducing the complexity and costs associated with bilateral links [16][30] Summary by Sections Executive Summary - Nexus is a project by the Bank for International Settlements Innovation Hub that seeks to improve the speed, cost, transparency, and accessibility of cross-border payments by linking domestic IPS [13][14] - The project has been validated through a successful proof of concept involving the Eurosystem, Malaysia, and Singapore [16][37] Benefits of Linking Instant Payment Systems - Linking IPS can enable cross-border payments to be processed in seconds, significantly improving user experience compared to traditional methods [20][22] - The interlinking of IPS is already in progress in several regions, including Southeast Asia, which has seen multiple successful linkages [22][23] Key Takeaways - Nexus aims to facilitate cross-border payments that are fast, cost-effective, and transparent, addressing the challenges of existing bilateral linkages [18][19] - The project has developed a comprehensive governance framework and technology blueprint to support its implementation [38] How Nexus Works - Nexus operates as a service that allows IPS operators to connect and communicate using standardized APIs and ISO 20022 messages, simplifying the process of cross-border payments [27][29] - The Nexus scheme rulebook helps manage differences in domestic payment systems, minimizing operational complexity [29][30] User Experience - Nexus is designed to enhance the user experience for both senders and recipients, ensuring transparency in fees and exchange rates [33][35] - Payments through Nexus can be initiated by individuals or businesses, supporting various use cases including person-to-person and business-to-business transactions [43][44] Progress to Date - The project has made significant strides, including the development of a working prototype and collaboration with central banks in the ASEAN-5 region [37][38] - Ongoing efforts focus on finalizing governance structures and a sustainable business model for Nexus [38]