Finance:BRICS PAY

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BRICS PAY or BRICS Pay is a distributed payment messaging mechanism system by BRICS member states. It is similar to Europe's SWIFT and India's Unified Payments Interface.[1] The project is a joint venture between states to receive and make payments in own local currency.[2][3][4][5]

References

  1. ↑ "BRICS PAY". https://www.brics-pay.com/brics-pay.com. 
  2. ↑ "BRICS payment system would not replace SWIFT -S.Africa finance minister" (in en). Reuters. 2023-08-24. https://www.reuters.com/world/africa/brics-payment-system-would-not-replace-swift-safrica-finance-minister-2023-08-24/. 
  3. ↑ Liu, Zongyuan Zoe; Papa, Mihaela (February 2022). "Can BRICS De-dollarize the Global Financial System?" (in en). Elements in the Economics of Emerging Markets. doi:10.1017/9781009029544. https://www.cambridge.org/core/elements/can-brics-dedollarize-the-global-financial-system/0AEF98D2F232072409E9556620AE09B0. 
  4. ↑ "Russia says BRICS nations favour idea of common payment system" (in en). Reuters. 2019-11-14. https://www.reuters.com/article/uk-brics-summit-russia-fx-idUSKBN1XO1KQ. 
  5. ↑ "BRICS countries could launch integrated payment system" (in en). 2019-03-12. https://www.intellinews.com/brics-countries-could-launch-integrated-payment-system-157788/. 



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