BRICS_PAY

BRICS PAY

BRICS PAY

Distributed payment messaging mechanism system

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. [1]
    "BRICS PAY". brics-pay.com. Retrieved 2023-10-03.
  2. [2]
    Gumbi, Kopano; Mukherjee, Promit; Miridzhanian, Anait (2023-08-24). Bavier, Joe; Zieminski, Nick (eds.). "BRICS payment system would not replace SWIFT -S.Africa finance minister". Reuters. Retrieved 2023-10-03.
  3. [3]
    Liu, Zongyuan Zoe; Papa, Mihaela (February 2022). "Can BRICS De-dollarize the Global Financial System?". Elements in the Economics of Emerging Markets. doi:10.1017/9781009029544. Archived from the original on Feb 5, 2024 – via Cambridge Core.
  4. [4]
    Ostroukh, Andrey (2019-11-14). Blair, Edmund (ed.). "Russia says BRICS nations favour idea of common payment system". Reuters. Retrieved 2023-10-03.
  5. [5]
    "BRICS countries could launch integrated payment system". bne IntelliNews. 2019-03-12. Retrieved 2023-10-03.
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