BRICS PAY or BRICS Pay is a decentralized and independent payment messaging mechanism system that is affiliated with the BRICS organization.
System
The project is a joint venture developed by the BRICS member states to receive and make payments in their own local currencies. The venture was launched in 2018 by the BRICS Business Council. The team that cooperatively runs BRICS PAY consists of financial, banking technology experts from the four founding nations of BRICS, as well as South Africa. The purpose of BRICS PAY is to make international payments more safe, transparent, less costly and complicated, encouraging international cooperation between the quickly expanding BRICS members.
On October 23, 2024, China has fully backed BRICS PAY.
BRICS DCMS
BRICS PAY will feature...