New Unified Payment System BRICS: What Is Known

Source: Известия | Original Published At: 2026-01-26 09:13:31 UTC

Key Points

• BRICS countries may launch Brics Pay in 2026, a cross-border payment system enabling transactions in national currencies without dollar intermediation.
• India will propose integrating central bank digital currencies (CBDCs) at the 2026 summit to facilitate trade and tourism payments.
• Russian senator confirms no single BRICS currency will be created, but a unified payment platform will connect national systems.
• System aims to bypass Western financial infrastructure, with expanded BRICS energy exporters increasing strategic value of non-dollar settlements.
• U.S. expresses concern over BRICS' financial initiatives, with Trump previously labeling BRICS 'anti-American' and threatening tariffs.