National Digital Payment Network (ndpx) today launched tarus, enabling Brunei’s first instant fund transfers across participating banks and e-wallets.
Five platforms have on boarded onto tarus: BEEP Solutions, BIBD At-Tamwil’s Olive, MyDST, TAIBVX, and Progresif’s Ding!.
Users of these applications who have linked their bank accounts, cards, or other forms of credit can now send and receive money across these platforms by entering phone numbers associated with their accounts.
In a press statement, ndpx said Baiduri, BIBD, and ThreeG Media’s Pocket are expected to join in the next phase.
Tarus is the product name of Brunei’s first instant digital payment hub, operating as a back-end infrastructure for instant transfers between participating banks and e-wallets.
Users access tarus through their respective banks and e-wallet providers. The tarus option will appear as an inter-platform transfer option within participating providers.
“Currently, most users in Brunei transfer money within the same bank or e-wallet. While interbank transfers are possible, they primarily rely on systems like the Real-Time Gross Settlement (RTGS) System, which is designed for large-value payments,” said ndpx in their announcement.
Source: Biz Brunei
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March 17, 2025
