BRICS Pay could link UPI, Mir and other payment systems for cross-border transactions
A proposed BRICS Pay network could connect India’s UPI, Russia’s Mir and other domestic payment rails, potentially widening cross-border payment options for Indian travellers, merchants and payment providers.
What happened
BRICS Pay could connect India’s UPI, Russia’s Mir and other payment systems globally, potentially expanding cross-border payment interoperability for Indian
Why this matters
Payments, travel and commerce players should monitor BRICS Pay for partnership or integration opportunities around UPI-led cross-border acceptance, while avoiding commitments until the proposed network’s governance and rollout model are clearer.