Benefits of BRICS Economic Integration

Source: Brasil 247 | Original Published At: 2026-02-06 15:58:18 UTC

Key Points

• BRICS Pay system aims to create common payment infrastructure for trade and tourism without immediate dollar replacement
• Central bank digital currency linkage under exploration during India's BRICS presidency
• Focus on reducing dependence on Western financial systems like SWIFT through integrated payment mechanisms
• Brazil's strategic interest in supporting BRICS economic integration aligns with sustainable development goals
• Infrastructure aims to reduce transaction costs, sanction vulnerability, and enhance economic maneuverability