BRICS payment systems & finance stories

Aug 11, 2026

BRICS considers linking central bank digital currencies and payment systems for cross-border transactions

BRICS nations are discussing linking their central bank digital currencies and fast payment systems to reduce cross-border transaction costs, according to Reserve Bank of India Governor Sanjay Malhotra.

Aug 11, 20262 sources

Top claims

▪Linking CBDCs could lower transaction costs by allowing payments to travel directly between nations, cutting out layers of traditional financial intermediaries.
▪The Reserve Bank of India previously recommended placing a proposal to link BRICS digital currencies on the agenda for the 2026 BRICS summit hosted by India.
▪Reserve Bank of India Governor Sanjay Malhotra directed Indian banks to implement board-approved artificial intelligence governance policies that balance innovation with safety.

Subtopics

Central Bank Digital Currencies (CBDCs)BRICS de-dollarization & currency initiatives BRICS economic cooperation Cross-border payments

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