BRICS Pay launches in digital stores focusing on QR code
Cooperation areas
Source: Brasil 247 | Original Published At: 2026-02-25 21:34:52 UTC
Key Points
- BRICS Pay app now available in Apple App Store and Google Play, initially launched in Russia with plans for BRICS+ expansion
- Enables instant QR code payments at merchants using existing bank cards/accounts in local currencies
- Integrates national payment systems: Brazil's Pix, India's UPI, Russia's SBP, and China's WeChat Pay
- Operates as complementary system to SWIFT/Visa/Mastercard through Decentralized Cross-border Messaging System (DCMS)
- Focuses on consumer-to-business transactions while maintaining interoperability with existing financial infrastructures