What Is BRICS Pay? How the Digital Payment System Could Change Global Trade
BRICS Pay links existing national payment systems to enable cross-border transactions in local currencies and reduce dependence on the US dollar and SWIFT.
BRICS Pay links existing national payment systems to enable cross-border transactions in local currencies and reduce dependence on the US dollar and SWIFT.
BRICS leaders are gathering in New Delhi for a summit shaped by geopolitical and economic challenges, with the Middle East, trade, and energy expected to dominate discussions.
A joint statement by BRICS finance ministers and central bank governors made no mention of a common currency or a formal move to remove the US dollar, while emphasizing local-currency trade, investment, and improved cross-border payment systems.
The BRICS Network University is a consortium of leading higher-education institutions from BRICS member states, and the 2026 New Delhi summit may expand its membership, simplify visa processes, and increase joint research funding for Indian students.
International journalists covering the 18th BRICS Summit in New Delhi welcomed discussions on economic cooperation, local-currency trade and digital payment systems, while a Russian blogger called for greater focus on peace.
Chinese President Xi Jinping arrived in India for the 18th BRICS leaders’ summit, with discussions expected to cover the development of the mechanism, practical cooperation, global governance, and settlement in national currencies.
Chinese President Xi Jinping arrived in New Delhi to attend the 18th BRICS Summit, marking his first visit to India since 2020.
Talks focus on the Middle East and Ukraine wars, trade tensions, and the security of maritime routes.
Bank Indonesia Governor Destry Damayanti said BRICS countries should develop cross-border payments in national currencies to shield their economies from geopolitical risks.