BRICS Pay: New Payment System Challenges Dollar Dominance and Western Sanctions
Analysis of BRICS’ proposed digital payment platform to bypass Western financial systems and its geopolitical implications.
Finance
BRICS 2026: India to Succeed Brazil as Presidency Holder
Analysis of BRICS’ evolving role in global governance, India’s upcoming presidency priorities, and the bloc’s institutional development.
Experts Assess Prospects for Russian Banks to Achieve SWIFT Independence via BRICS Pay
A Russian economist highlights how BRICS Pay could enhance trade efficiency and financial autonomy for BRICS members.
BRICS Countries Accelerate Efforts to Reduce Reliance on US Dollar
Amid geopolitical tensions, BRICS nations are implementing alternative financial systems to bypass USD dominance in global trade.
BRICS Announces Plans to Launch BRICS Pay in 2026 as Independent Alternative to SWIFT
BRICS countries are advancing discussions to implement a unified payment platform enabling direct transactions in national currencies, reducing reliance on the SWIFT system and US dollar.
India Proposes BRICS Pay for Cross-Border Transactions in National Currencies
The Reserve Bank of India proposes a unified payment system to facilitate trade and tourism among BRICS nations using local currencies, reducing reliance on dollar-dominated systems like SWIFT.
BRICS Countries Explore Joint Digital Currency to Reduce Dollar Dependence
India leads initiative for interconnected CBDCs among BRICS nations, aiming to establish alternative payment infrastructure by 2026 summit.
BRICS countries may create common digital currency
India proposes linking central bank digital currencies (CBDCs) to reduce dollar dependency and establish alternative payment infrastructure for trade and tourism.
BRICS Nations Discuss Developing Unified Payment System
Countries explore alternatives to Western financial infrastructure through digital currency integration