BRICS Pay: Revolutionizing Cross-Border Trade

Source: Correio Do Brasil | Original Published At: 2026-02-24 23:47:32 UTC

Key Points

• BRICS Pay is a decentralized digital payment platform developed by the BRICS Business Council for international transactions
• Inspired by Brazil's PIX system, it connects national payment systems across BRICS+ countries using blockchain technology
• Allows direct transactions in local currencies (e.g., real, yuan, rupee) without dollar conversion
• Led by former Brazilian president Dilma Rousseff as NDB president, with capacity for 20,000 transactions/second
• Aims to reduce dependency on Western financial intermediaries and create alternative financial infrastructure