BRICS Payment Task Force to advance UPI–Russia payments link, local-currency settlements: Pawan Josh

New Delhi [India], October 2 (ANI): The BRICS Payment Task Force will continue work on payment interoperability and local-currency settlements, BRICS International Forum Chairman Dr Pawan Josh said, stressing that the initiative aims to ease cross-border transactions, not replace existing global financial systems.

“Everybody agreed to keep the BRICS Payment Task Force and continue studying interoperability between payment and messaging networks plus local-currency settlement,” Josh told ANI.