BRICS Launches New Payment Network, Challenging SWIFT Dominance

Amidst escalating geopolitical tensions, the BRICS nations are accelerating their efforts to establish a new global payment system, bypassing the existing SWIFT infrastructure and seeking greater financial autonomy. Driven by Russia, this initiative aims to empower emerging economies and challenge Western control over international finance. The announcement that BRICS Pay will be accessible to non-member countries marks a significant strategic shift. This move extends beyond regional integration, positioning BRICS Pay as a powerful tool for global influence and signaling a transition towards a multipolar monetary order.