EconomyCross-border payment connectivity in focus as BRICS Summit nears
Cross-border payments and interoperability among national payment systems are expected to be central at the 18th BRICS Summit in New Delhi on September 12-13. India says it supports linking existing fast-payment systems and central bank digital currencies, not creating a common BRICS currency. Russia says about 90% of its BRICS transactions use national currencies, while UnionPay and Brazilian partners are piloting links between Chinese QR payments and Pix.
Cross-border payment connectivity in focus as BRICS Summit nears
Economy