India Prioritizes CBDC Integration for BRICS Cross-Border Payments
Countries
Cooperation areas
Source: The Economic Times | Original Published At: 2026-02-02 19:25:00 UTC
Key Points
- India will push for seamless cross-border CBDC transactions among BRICS members during its 2026 presidency
- Initiative follows 2025 BRICS summit declaration on payment system interoperability
- Reserve Bank of India emphasizes CBDC adoption over stablecoins for international trade
- Builds on India's previous G20 showcase of UPI and CBDC capabilities
- Requires technological alignment and security protocols across BRICS nations