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BRICS Cross-Border Digital Payment System

Sector: Digital Payment Systems • Location: Russia

Source: Tempo.co English

Project
Pilot Project Implemented

Development of a cross-border digital payment system by BRICS countries including Brazil, Russia, India, China, and South Africa to reduce dependence on existing international payment systems and the US dollar in cross-border transactions. Russia has implemented a pilot project for digital payments including account management, transfers, and trade payments, with plans to expand the use of the dig

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Project Information

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The project “BRICS Cross-Border Digital Payment System” is an infrastructure initiative in the Digital Payment Systems sector, located in Russia. Taiyo aggregates data on it from Tempo.co English.

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Participants

Sponsoring Agency

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Company

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Status

Original status

pilot project implemented

Taiyo status

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Taiyo last update

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Available timestamps

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Available timestamp type

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Contact

Contact name

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Phone

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Email

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Address

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Description

Description

Development of a cross-border digital payment system by BRICS countries including Brazil, Russia, India, China, and South Africa to reduce dependence on existing international payment systems and the US dollar in cross-border transactions. Russia has implemented a pilot project for digital payments including account management, transfers, and trade payments, with plans to expand the use of the digital ruble.

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Budget

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Location

Region

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Country

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State

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County

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

obfuscated_data,obfuscateddata.com

More Details

Project Type

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Article Published Date

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