What is BRICS Pay, and can it rival the West’s SWIFT payments system?

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Al Jazeera

What happened

BRICS Pay is a decentralised digital system for making international payments in currencies other than the dollar.

Key facts

  • Reported by Al Jazeera and published Wed, 16 Sep 2026 12:53:07 UTC.

Why it matters

International stories like this one shape diplomacy, travel, energy supply and security decisions well beyond the country involved, which is why WorldPing tracks every update on it in one place.

What to watch next

  • Official statements or denials from the governments named
  • Whether other major newsrooms confirm the same details
  • Any follow-up decision, vote or deadline tied to the event

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. BRICS: A strategic balancer?

  2. US political rivals Sanders and Bannon unite on AI warning

  3. What is BRICS Pay, and can it rival the West’s SWIFT payments system?

  4. Rivals cry foul as French oil giant TotalEnergies keeps gas prices capped below national average

Sources

The original report was published by Al Jazeera. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Al Jazeera

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