India and Russia are exploring digital currency payments for bilateral trade, potentially opening a faster route for cross-border settlements as BRICS seeks alternatives to traditional payment systems. Sberbank CEO Herman Gref said the initiative could support trade expansion, while Russian companies rupee holdings and the widening trade imbalance remain key challenges.

Sberbank India's CEO Ivan Nosov has announced that the infrastructure for national currency settlements is now operational. Several key challenges related to financial…

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…