Role of the IPSO
The Instant Payment System Operator (IPSO) is responsible for:
processing Nexus payments between their member Payment Service Providers (PSPs) and Settlement Account Providers (SAPs).
managing the onboarding of PSPs and SAPs to Nexus
operating a local instance of the Nexus Gateway software, which handles cross-border coordination of payments between two Instant Payment Systems (IPSs)
keeping the reference data in the Nexus Gateway up to date
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