BRICS Countries Explore Linking Fast Payments and CBDCs, RBI Governor Says
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BRICS Countries Explore Linking Fast Payments and CBDCs, RBI Governor Says
BRICS nations are discussing linking their fast payment systems and central bank digital currencies (CBDCs) to make cross-border payments cheaper and more efficient, Reserve Bank of India Governor Sanjay Malhotra said in Mumbai on August 11, 2026. Speaking ahead of the BRICS summit hosted by India this year, Malhotra said cross-border payments are a shared area of interest among member countries, with significant scope to reduce costs. He said o…
In Mumbai, the governor of the Reserve Bank of India, Sanjay Malhotra, said that several avenues were being explored to facilitate these operations, including the connection of CBDCs and rapid payment systems. However, the discussions were still in their early stages. The main focus was on cost reduction, while India was also seeking to strengthen the international use of its national currency. The BRICS article: CBDCs at the heart of a new cros…
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