Indian Central Bank Governor: BRICS Discusses Linking Members’ Fast Payment Systems

Source: RT Arabic | Original Published At: 2026-08-11 10:44:55 UTC

Key Points

• Sanjay Malhotra said BRICS is considering links between members' fast payment systems and central bank digital currencies.
• Speaking in Mumbai, he said cross-border payments offer substantial scope for cost reductions and that the options remain under discussion.
• The Reserve Bank of India will continue promoting the international use of the rupee and local currencies in cross-border payments and trade.
• Reuters previously reported that the Reserve Bank of India recommended adding a proposal to link central bank digital currencies to the 2026 BRICS summit agenda.
• India holds the rotating BRICS presidency in 2026.