BRICS finance ministers and central bank governors are exploring faster and cheaper cross-border payment systems, including greater use of local currencies for trade and investment. The talks come ahead of the New Delhi summit as the grouping also pushes for greater representation of developing economies at the IMF and World Bank.

India is championing the integration of the Unified Payments Interface (UPI) for cross-border digital transactions within BRICS countries. This forward-thinking initiative is…

Russia will discuss digital currency trade settlements with BRICS+ partners this week. President Vladimir Putin will attend the BRICS+ summit in New Delhi. He will promote…

Experts urge BRICS nations to enhance banking links and local currency trade for improved economic cooperation and reduced transaction costs.

BRICS finance ministers and central bank governors are exploring faster and cheaper cross-border payment systems, including greater use of local currencies for trade and…

BRICS finance ministers and central bank governors are calling for essential reforms within global institutions, with an aim to amplify the role of emerging market economies in…