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Australian National Review - Russia Officially Confirmed a New BRICS Payment System

Summary by anr.news
Russia Officially Confirmed a New BRICS Payment System By AussieCossack Russia officially confirmed a new BRICS Payment system: “Today, we will announce an agreement on BRICS Pay – essentially, a payment system for BRICS countries,” the head of the Russian Direct Investment Fund Kirill Dmitriev.

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BRICS countries have reached a banking agreement on BRICS Pay, which will in fact become a payment system for the States of association. This was reported by the head of the Russian Direct Investment Fund (RPFI) Kirill Dmitriev. "We are focusing on the financial track. We are leading a group on financial interaction, and payment issues are very important. Today we will announce a bank agreement on BRICS Pay, an actual payment system for the BRIC…

The Russian Sovereign Wealth Fund and the BRICS payment infrastructure in India have agreed to develop a joint project to facilitate cross-border payments. The project plans to explore connectivity possibilities with India's payment infrastructure and prepare pilot services, including payments in national currencies.

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vz.ru broke the news on Friday, September 11, 2026.
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