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Last updated: June 17, 2025, 21:42  |  Written by: Elizabeth Rossiello

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Russian Foreign Minister Sergey Lavrov

BRICS countries navigate new alternative payment

Russian Foreign Minister Sergey Lavrov announced that Brazil, which chairs the next summit in July, has proposed to create a new payment system where non-BRICS

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

Following The Highly Anticipated Brics

Following the highly anticipated BRICS 2025 Summit, the economic alliance has given an update on its development payment system while reiterating its focus on

BRICS Payment System: A New Era in Global Financial Messaging

BRICS Launches a New Payment Network, Signaling the Decline of

The New Brics Payment System

BRICS Gives Huge Update: Non-Members Can Settle Trade In New

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

Latest Updates on BRICS Payment Systems and Their

The Brics Payment System Introduces

The BRICS Payment System introduces structural changes to currency market dynamics through its multi-currency framework. Local currency settlements reduce

BRICS Give Update on Payment System: Target US Dollar in 2025

BRICS’ Game-Changing Blockchain Payment System: The Future of

Elizabeth Rossiello can be reached at [email protected].

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