BRICS countries promote decentralized CBDC payment systems

The BRICS countries are increasingly focusing on developing their own digital payment solutions to strengthen their economic independence from dollar-dominated systems like SWIFT. This strategic initiative aims to modernize international trade processing while maintaining financial sovereignty. Led by India, the alliance is working on ambitious plans that are expected to be concretized at the upcoming BRICS Summit 2026.

Central Bank Collaboration – The Reserve Bank of India in Focus

The Reserve Bank of India is actively advocating for the inclusion of cross-border CBDC corridors on the agenda of the BRICS Summit 2026. These digital payment channels will enable BRICS nations to trade with each other more quickly and cheaply, without relying on international dollar-based infrastructures. According to NS3.AI, this initiative focuses on improving efficiency and resilience in cross-border payments among the involved countries.

Blockchain Framework Focused on Security and Sovereignty

The underlying technical framework is based on blockchain technology and incorporates several core principles. Central to this is the preservation of each BRICS nation’s sovereign control over its own currency – it is not about creating a common currency, but about interoperable payment networks. At the same time, capital controls are considered to ensure financial stability. The system combines security with flexibility, creating a resilient alternative to existing global payment systems.

New Perspectives for International Trade

The approach of the BRICS nations signals a fundamental shift in the international financial order. By developing these decentralized infrastructures, the BRICS countries are positioning themselves not only as economic actors but also as shapers of future financial systems. The planned progress by 2026 could have the potential to establish new standards for secure and independent payment networks in the global economy.