Browsing Tag
BRICS Payment System
19 posts
BRICS Payment To Use Digital Clearing Mechanism of Local Currencies
Several ideas are being considered for the betterment of the BRICS payment system, and a new proposal includes…
BRICS Launches Brazil-Based Payment System, Challenging Dollar Power
The BRICS payment system is entering a decisive operational phase right now, in 2026, connecting central banks from…
Russia Disappointed With BRICS, Says “Members Embracing the US Dollar”
A handful of members in the BRICS alliance have openly embraced the US dollar, and Russia is disappointed…
BRICS Payment System Supports Transactions Across 185 Countries
BRICS member China’s new payment system, named Cross-Border Interbank Payments System (CIPS), is taking the financial world by…
South America Ready To Accept the BRICS Payment System
Latin American countries, commonly known as South America, would be ready to accept the BRICS cross-border payment initiative,…
BRICS Inspires 15 Countries To Use Homegrown Payment System
Africa is taking a bold economic U-turn by following the footsteps of BRICS and challenging the US dollar…
BRICS Makes Huge Announcement On New Payment System
The BRICS alliance is looking to undo the dominancy of the US dollar by launching a new payment…
BRICS Gives Huge Update: Non-Members Can Settle Trade In New Payment System
Russian Foreign Minister Sergey Lavrov announced that Brazil, which chairs the next summit in July, has proposed to…
BRICS Considers New Financial Options For Trade Settlements
Russian Finance Minister Anton Siluanov confirmed that the BRICS alliance is considering various financial innovations for payment settlements.…
BRICS Confirms Development of New Payment Systems in 2025
Brazil, which chairs the upcoming BRICS summit in 2025 confirmed that they plan on the formation of new…