BRICS Pay

BRICS Pay is a decentralized digital payment platform that enables fast, secure, and seamless cross-border transactions. 
It developed within the framework of the BRICS Business Council. 
The project aligns with the United Nations Sustainable Development Goals (SDGs), including: 
•    No poverty and zero hunger (SDG 1, SDG 2)
•    Financial inclusion (SDG 8, SDG 10)
•    Innovation and infrastructure (SDG 9)
BRICS Pay is designed on principles of interoperability, sovereignty, and inclusion.
Interoperability : BRICS Pay connects existing national platforms like UPI (India), CIPS (China), SPFS (Russia), Pix (Brazil), enabling cross-border transactions in local currencies.
Sovereignty : focus on building an independent financial architecture for BRICS nations.
Reducing Dollar & SWIFT Dependence: Aims to insulate BRICS members from disruptions caused by sanctions, dollar volatility, or geopolitical pressures. 
Boost to Local-Currency Trade: Facilitates settlement in domestic currencies, lowering conversion costs and supporting South–South economic cooperation.