Heavyweight! India and four ASEAN countries jointly launch instant cross-border payment platform www.deekpay.com

## India and four ASEAN countries join hands to create an instant cross-border payment platform that will revolutionise payments! Heavy news! India and four ASEAN countries (Malaysia, Thailand, Singapore and the Philippines) have joined hands to launch an instant retail cross-border payments platform that will go live soon. As part of the Bank for International Settlements (BIS) Innovation Centre's 'Project Nexus' initiative, the platform will connect real-time digital payment systems in multiple countries to provide seamless and instant payments to around 1.7 billion people globally. The significance of this collaboration is extraordinary: Optimising cross-border payment processes: By connecting national payment systems, Project Nexus will simplify and accelerate cross-border transactions, reducing fees and time costs. Boosting regional economic development: A connected digital payment system will facilitate intra-regional economic transactions and increase financial inclusion, especially at the micro and small business and individual consumer levels. Enhance payment security and efficiency: Adoption of advanced digital payment technologies will ensure the security and reliability of transactions. Countries will establish compatible regulations and standards to ensure smooth cross-border payments. The future of this cross-border payment platform is bright: Economic benefits: Improve payment efficiency, reduce transaction costs, and promote regional trade and investment. User experience: Faster and more convenient shopping experience, especially for tourists and cross-border e-commerce consumers, avoiding cumbersome remittance and clearing processes. Financial Inclusion: Expanding the reach of financial services, enabling more people to participate in the global economy, and improving quality of life and economic standards. India's cooperation with the ASEAN-4 is an important step towards regional economic integration and demonstrates the potential for cooperation in the fintech space. It is believed that as payment systems become more widespread, the economies of the region will become much more interconnected, forming a closer economic community. How do you think this new cross-border payment platform will change your daily payment experience? Feel free to share your views in the comments section! # Headline Debut Competition# ## Article Rewrite Idea: More attractive title: Use more impactful words, such as "payment revolution", "hand in hand", "heavy news", to attract readers to click to read. Clearer content: Refine the original content, integrate the information points, and add some analyses and interpretations to make the article more in-depth. More concise language: Avoid the use of overly specialised jargon and use more understandable language. Increase interactivity: Add questions at the end of the article to encourage readers to interact. Add hashtags: Use more popular hashtags to increase the exposure of your article. Note: Please check your articles before publishing to ensure originality.