English
Grouping looks at pragmatic cross-border payment mechanism, local currency trade
BRICS finance leaders and India’s commerce minister urged the bloc to adopt pragmatic, low‑cost cross‑border payment systems and increase trade in local currencies, highlighting India’s UPI platform. Meetings in Jaipur and Mumbai produced a joint statement calling for practical solutions and continued work by the BRICS Payment Task Force.
Indian Express Economy & Markets
11 Sept 2026
BRICScross-border paymentsUPI
