BRICS Nations Discuss Developing Unified Payment System

Source: RT на русском | Original Published At: 2026-01-26 09:28:13 UTC

Key Points

• BRICS countries are working on an alternative financial infrastructure to reduce dependence on Western payment systems
• India proposed linking central bank digital currencies (CBDCs) for cross-border transactions at the 2026 BRICS summit
• This would mark the first official attempt to integrate BRICS digital currencies into a single system
• The initiative remains in early development stages with unresolved technical compatibility and regulatory issues
• Countries are currently testing individual digital currency systems while exploring potential integration