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BRICS Pay: A Challenge to Western Financial Systems?

Updated 2026-09-16 13:10 UTC 1 source Neutral

BRICS Pay, a new decentralised digital payments system, is being developed as an alternative to the SWIFT network. It aims to facilitate international transactions in currencies other than the US dollar.

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Al Jazeera

What is BRICS Pay, and can it rival the West’s SWIFT payments system?

BRICS Pay is a decentralised digital system for making international payments in currencies other than the dollar.

2026-09-16 12:53 UTC