BRICS Summit Expected to Advance Cross-Border Payment Links, Sources Say
India frames proposed links between BRICS payment systems and central bank digital currencies as measures to lower costs and speed settlements.
India frames proposed links between BRICS payment systems and central bank digital currencies as measures to lower costs and speed settlements.
India is facilitating negotiations ahead of the September summit in New Delhi, with discussions focused on consensus, practical trade measures and integrating newer members.
India’s BRICS chairmanship focuses on cooperation in trade, payments, innovation and climate resilience ahead of the New Delhi summit.
The success of India’s BRICS presidency will depend on whether its initiatives retain momentum after the chair passes to China in 2027.
Thailand became a BRICS partner country in 2025 and has expressed its intention to seek full membership in 2026, with officials highlighting BRICS as a platform for trade, investment and broader economic cooperation.
Speakers at the forum in Lucknow highlighted academic cooperation, crisis preparedness, startup collaboration and stronger research networks across BRICS.
Thai Deputy Prime Minister Sihasak Phuangketkeow said BRICS can promote free flows of trade and investment and serve as a platform for broader economic cooperation.
A report says India’s BRICS chairship will focus on consensus, practical cooperation, and a people-centred agenda for the Global South.
BRICS member countries adopted the Jaipur Declaration after a tourism ministers’ meeting in India, setting cooperation priorities on AI, sustainability, skills, and seamless travel.