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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