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What is the BRICS Pay system?
BRICS Pay is a blockchain-based platform for instant, low-cost cross-border payments among BRICS nations using local currencies or crypto.
BRICS Pay is an innovative cross-border payment platform connecting businesses and individuals across BRICS+ countries. It is a unified BRICS payment system integrating national payment networks with blockchain technology for faster, cheaper transfers. The BRICS Pay app and wallet empower you to pay securely anywhere, including support for our native BRICS coin (BRC) and major cryptocurrencies like XRP.
We also offer a BRICS Pay card for easy spending at millions of merchants worldwide. The team behind BRICS Pay is committed to providing equal access to financial services by connecting diverse nations with seamless, fast, secure, and affordable payment solutions.
Co-developed by financial and tech experts from all BRICS nations, BRICS Pay is designed with local regulations and needs in mind. It works alongside existing national payment infrastructures, creating bridges rather than disruptions. This means you can pay from your bank, mobile wallet, or BRICS Pay card in one country and have funds arrive seamlessly in another, without hidden fees or delays.
Powered by blockchain and decentralized messaging, BRICS Pay processes transactions instantly and securely. The platform leverages high-speed networks like XRP for instant, low-cost settlements. End-to-end encryption and a decentralized architecture ensure your data and funds stay safe. Businesses gain easy integration and settlement finality, while the BRICS Pay app makes global transfers as convenient as local banking.
Key Features
Cross-Border Payments: Send and receive money instantly across BRICS nations using local currencies or crypto, with lower fees than traditional banking.
Multi-Currency & Crypto: It supports all major BRICS country currencies and leading cryptocurrencies (e.g., BRICS coin, XRP), giving you flexibility and control of your money.
BRICS Pay is an innovative cross-border payment platform connecting businesses and individuals across BRICS+ countries. It is a unified BRICS payment system integrating national payment networks with blockchain technology for faster, cheaper transfers. The BRICS Pay app and wallet empower you to pay securely anywhere, including support for our native BRICS coin (BRC) and major cryptocurrencies like XRP.
Mobile App & Card: Manage your funds on the go via the BRICS Pay mobile app, and use our virtual/physical card for easy, global spending.
Fast & Low-Fee Settlements: Powered by blockchain and decentralized messaging, transactions are cleared in seconds with minimal cost.
Secure & Decentralized: End-to-end encryption and a decentralized network protect your payments and data from tampering or outages.
Getting started with BRICS Pay is simple. Users can sign up and link a bank account or crypto wallet to the app. Choose the amount and currency to send, enter the recipient’s details, and tap send. BRICS Pay’s decentralized network automatically finds the best route—sometimes via local banking rails, other times through blockchain nodes (like XRP)—to transfer your funds. The recipient receives the money in their local currency or crypto within seconds. Meanwhile, you can monitor each step in real time through our app or dashboard.
For example, a small business in India could invoice a partner in South Africa in rupees. BRICS Pay will route and convert that payment seamlessly, so the South African rand arrives instantly in the beneficiary’s account. We handle the encryption and cross-border messaging behind the scenes, so the process is as easy as sending a text message or scanning a QR code. Its global payments are frictionless, with no manual currency exchanges or hidden waiting periods.
To truly appreciate BRICS Pay, let’s compare it with traditional international payment methods:
Aspect Traditional International Payments BRICS Pay
Speed Slow transfers can take 2–5 days to clear through banks and intermediaries. Fast – near-instant settlement using blockchain and direct network links.
Cost High fees – multiple banks and currency conversions add hefty charges. Low fees – minimal intermediaries and direct currency exchange reduce costs.
Currency Conversion USD is often used as a go-between, requiring double conversion (local currency → USD → target currency). Local-to-local – direct conversion between BRICS currencies (or via a BRICS stablecoin) without reliance on the dollar.
Control & Autonomy Centralized systems dominated by Western networks are subject to external sanctions or restrictions. Decentralized consortium; each nation retains financial sovereignty with an independent BRICS payment system.
Accessibility Limited access – traditional systems may exclude those without international bank accounts; sanctions can block transactions. Inclusive access—Anyone in BRICS nations with a bank or mobile money account can participate, insulated from external political pressures.
The global financial system, rooted in the Bretton Woods and Jamaica agreements, is undergoing significant transformation. The Bank for International Settlements (BIS) highlights the risks of fragmentation within the global monetary system, as unprecedented levels of global debt and unbacked money supply continue to rise.
BRICS Pay, is committed to ensuring equal access to financial services and technologies for all countries and individuals, empowering everyone to unlock their potential.
Our mission is to connect diverse nations and people by providing seamless, fast, secure
BRICS Pay is designed to become an effective alternative and complement to existing centralized payment technologies and services.
To achieve the UN Sustainable Development Goals, particularly the first two — No Poverty and Zero Hunger — the establishment of a fair financial system is crucial. The technologies and principles of BRICS Pay are designed to support these objectives.
Sovereignty in financial empowers a nation to independently manage its financial resources and relationships, both domestically and internationally. It entails the freedom to make financial decisions and take financial actions without external influence or coercion from other countries or supranational entities.
Achieving financial independence is paramount for nations seeking political, energy, food, technological, and other forms of sovereignty. This pursuit is a shared goal among nations striving for independent policies and the well-being of their citizens.
