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Last updated: June 18, 2025, 02:30  |  Written by: Charlie Lee

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China Formalizes An Ambitious Plan

China backs Russia-proposed BRICS payment system

The new BRICS payment system, primarily initiated by China and Russia, also known as “BRICS Pay,” is a planned independent and decentralized payment messaging

China formalizes an ambitious plan to promote its own international payment system. Shanghai becomes the nerve center for developing the CIPS network, a direct

In A Move Set To

The BRICS alliance has recently announced an impending independent payment system. The development will allow the collective to further institute international

In a move set to rattle Western economic hegemony, China has officially launched its long-anticipated alternative to the SWIFT payment system, ushering in a new era

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Latest Updates on BRICS Payment Systems and Their

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