Pilot

The pilot phase of tarus is a pivotal stage, focusing on real-world testing and refinement:

• Functionality Testing: Real-money transactions are conducted in a live environment, involving selected users. This step ensures that instant payment functions operate smoothly and reliably.
• Application Testing: Validates interaction between tarus and participating banks and e-wallet applications.
• Issue Resolution: Teething issues are identified and addressed promptly. This aims to resolve any operational or technical challenges, ensuring a seamless transition to full-scale launch. Internal operations are refined to guarantee confidentiality, integrity and availability.

By carefully testing functionalities and swiftly addressing emerging issues, the pilot phase lays the groundwork for a successful launch.

Phase 1: Launch of tarus

The first phase of the tarus launch marks a significant milestone, ushering in convenient and efficient fund transfer capabilities:

• tarus Transfers: Users gain the ability to seamlessly send and receive funds instantly via aliases (phone numbers and business registration number) between participating banks and e-wallets. This feature empowers users with swift and convenient payment options, enhancing financial accessibility.

Through this, the launch phase heralds a new era of convenience, speed, and accessibility in the realm of digital finance.

Phase 2 Implementation

Phase 2 implementation of tarus will entail the following:

• tarusQR: Development of a standardised national QR code. This innovative QR code standard enables instant payments from participating banks or e-wallets, streamlining transactions and promoting widespread adoption of digital payments.
• Request to Pay: Functionalities focused on Request to Pay (Pull payments) – a service enabling users to generate digital payment requests for collecting funds from payers, facilitated by participating banks and e-wallets.
• Cross Border Payments: ndpx is exploring partnerships with regional payment providers to enable seamless cross-border transactions, allowing Brunei consumers to pay in neighbouring countries and vice versa using existing banking apps and e-wallets.