The BRICS Pay card demo was recently showcased at the BRICS working groups meeting at the World Trade Center in Moscow, marking a significant step towards creating an alternative payment system. The card, pre-loaded with 500 rubles, is already functional for purchases at select locations within the center. This demo hints at the broader ambitions of the bloc.
Next week’s BRICS summit in Kazan is set to bring more pivotal developments, with leaders from 24 countries and delegations from 32 nations gathering to discuss reducing reliance on the U.S. dollar through a new global payment system. The outcome could signal a major shift in international finance.
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