Tuesday, 11 August, 2026
Cheaper Cross-Border Trade: BRICS Explores Linking Fast Payment Systems and CBDCs
By TechShots Studio
Reserve Bank of India Governor Sanjay Malhotra announced that BRICS nations are discussing linking their fast payment systems and central bank digital currencies (CBDCs). Speaking in Mumbai ahead of India hosting the 2026 BRICS summit, Malhotra emphasized that the initiative aims to cut cross-border transaction costs and boost local currency trade, though negotiations remain in early stages.
Read full story at REUTERS