BRICS Pay is being developed to connect national payment systems, reduce reliance on SWIFT, and facilitate cross-border transactions in local currencies among BRICS members.
The 2026 BRICS Summit in New Delhi adopted the New Delhi Declaration on the first day, underscoring India’s chairmanship and BRICS cooperation on financial reform, local currencies, and digital public infrastructure.
An analysis of India’s BRICS chair argues that its value lies in shaping BRICS agendas, strengthening development institutions, advancing counter-terrorism consensus, and promoting cooperation on finance, infrastructure, and artificial intelligence.
A South African specialist says China’s upcoming rotating BRICS leadership may deepen cooperation in local-currency payments, artificial intelligence, clean energy, development finance and reforms to strengthen the Global South’s influence.
China’s upcoming BRICS presidency is urged to build on the New Delhi summit by advancing concrete development, institutional capacity, and diplomatic coordination.
Business leaders at the India Today BRICS Roundtable in New Delhi discussed cross-border trade, manufacturing, and investment opportunities within BRICS, with particular focus on India-South Africa business links.
An explainer on BRICS Pay, its decentralized payment ecosystem, India’s UPI and RuPay role, and how it compares with SWIFT.
India is seeking to shift BRICS toward economic and technological cooperation, with emphasis on startups, supply chains, critical technologies, green energy, and global governance reform.
Prime Minister Narendra Modi described the BRICS New Delhi Declaration as evidence of global credibility and linked it to India’s hosting of SEMICON India.
