Tag

• UGI USER
• BRICS BRICS Pay CIPS cross-border payments Current Affairs de-dollarization digital currency Economic diplomacy financial sovereignty global payment system International Trade multipolar financial order New Development Bank Sanctions SPFS SWIFT UPI UPSC mains
• 108
• 0

BRICS vs SWIFT: Rising Payment Alternatives 2025

HOW BRICS IS CHALLENGING SWIFT Syllabus: GS-2: Bilateral, Regional and Global Grouping and agreements involving India. Why in the News? The BRICS grouping — Brazil, Russia, India, China, and South Africa, along with new members such as Iran — is advancing efforts to challenge Western financial dominance through initiatives like BRICS Pay, a proposed cross-border …

Read More