BRICS Countries Prepare to Launch Independent Payment System
Cooperation areas
Source: Московский Комсомолец | Original Published At: 2026-01-26 06:31:23 UTC
Key Points
- India's Reserve Bank proposes linking central bank digital currencies to create Brics Pay platform
- System aims to reduce reliance on US dollar and SWIFT financial channels
- Proposal to be formalized at 2026 BRICS summit in India
- Designed to facilitate trade, services, and tourism transactions between member states
- Specifically benefits countries under sanctions like Russia and Iran
- Represents strategic move toward financial sovereignty for BRICS nations