BRICS Focus Shifts To Cross-Border Payment Systems
Edited By WION Video Desk
Published: Apr 16, 2026, 16:45 IST | Updated: Apr 16, 2026, 16:45 IST
The BRICS alliance is actively shifting its focus towards developing independent, cross-border payment systems to reduce reliance on the U.S. dollar and Western-controlled financial messaging systems like SWIFT. This initiative, often referred to as "BRICS Pay" or the "BRICS Bridge," is gaining momentum, particularly under the 2025 Brazilian and 2026 Indian leadership, with a focus on practical, digital-led infrastructure rather than a single common currency.
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