BRICS Pay strategically expands its global footprint through pivotal alliances with significant entities, including MBS Global Holdings (Qatar – UAE), prominent banks, and technology firms.
A notable achievement occurred on July 28 with the execution of an agreement with the International Business Communications Fund, operating under the purview of the Moscow city government. This collaboration is anticipated to catalyze the widespread adoption of the system.
Analysts posit that with the strategic endorsement of Impact Capital, a distinguished investment firm recognized for scaling successful technology ventures, BRICS Pay is poised as a credible alternative to incumbent payment systems and a propitious investment opportunity. By integrating advanced technological infrastructure with access to the nascent BRICS markets, BRICS Pay emerges as an asset with exceptional potential for substantive returns.
Strategic Implications For Broader Economic Expansion
BRICS Pay’s intrinsic investment appeal is predicated on its unique nexus at the confluence of several macroeconomic trajectories. Foremost, it furnishes access to the expansive ecosystem of the BRICS economies.
Collectively, BRICS nations constitute 46% of global GDP, 55% of the world’s populace, and are projected to account for approximately 30% of global trade by 2030. The financial sector within this bloc has demonstrated robust momentum for several consecutive years.
Statista forecasts that digital transactions across the BRICS economies will aggregate $2.45 trillion as early as 2025, potentially doubling to $5.06 trillion by 2030, propelled by a 15.58% compound annual growth rate.
These formidable figures correspond with broader economic expansion: the combined BRICS GDP is expected to burgeon by $11 trillion from 2023 to 2028, concurrently with an anticipated increase in its share of global trade from 16% to 30% by the decade’s conclusion.
The Ascendance of BRICS Pay in a Shifting Global Financial Landscape
This year, the BRICS alliance has expanded, welcoming tenth additional partner nations. Each new participant intends to integrate with BRICS Pay, a nascent cross-border payment system. This expansion signifies a collective aspiration for a more inclusive and diversified financial architecture.
Andrey Mikhaylishin, co-founder of the BRICS Pay project, highlights the extensive global interest. “We observe considerable inbound interest from the European Union, Latin America, and Africa,” Mikhaylishin states. He emphasizes Africa’s pivotal role, noting its population of over 1.5 billion, with approximately 80% lacking traditional payment cards.
This demographic represents a significant growth trajectory for BRICS Pay, which aims to foster financial inclusion while providing a transparent payment ecosystem beneficial to consumers and African governments. The Paradigm Shift: Gold Reserves and Multi-Currency Reliance.
Concurrently, central banks globally, including those within BRICS member states, are augmenting their gold reserves to hedge against dollar-centric risks. In 2024 alone, these entities acquired 1,045 metric tons of gold, marking the third consecutive year of purchases exceeding 1,000 metric tons. Since 2014, gold’s proportion within the reserves of developing nations has doubled, reaching 9%.
This trend underscores a discernible transition toward a new financial paradigm that is not exclusively tethered to the U.S. dollar but rather encompasses gold, commodities, and a broader multi-currency basket.
Within this evolving framework, BRICS Pay, with its technical readiness to support of central bank digital currencies (CBDCs) and initiatives such as mBridge (encompassing China, UAE, and Thailand), is positioned as a pivotal technological enabler for this emergent financial structure.
Mikhaylishin elaborates on the system’s foundational principles. “BRICS Pay is predicated on open integration,” he asserts. “Initially, the system will facilitate linkages with Visa and Mastercard, thereby enabling foreign tourists and residents to seamlessly connect their existing cards to the application and conduct transactions without impediment.
” He underscores the project’s overarching objective: “The aim of BRICS Pay is not displacement, but rather interconnection. The project endeavors to establish ‘payment bridges’ between disparate national systems.” This strategic focus on connectivity rather than substitution suggests a collaborative approach to enhancing global payment fluidity.
Technological Innovation in a Fragmenting Global Financial Landscape
BRICS Pay distinguishes itself from commercial payment systems by operating as an infrastructure initiative with direct endorsement from the BRICS Business Council. BRICS Pay project is also being discussed by the central banks of the BRICS+ countries. This foundational support bolsters regulatory stability and fosters sustained growth. Its technological framework offers radical solutions to the entrenched issues within the conventional payment industry.
A salient attribute of BRICS Pay is its patented offline QR capability, which enables users to complete QR-code payments without an internet connection. This functionality proves particularly advantageous during international roaming or in regions characterized by inconsistent network coverage. The security architecture of BRICS Pay is predicated on advanced technological principles.
The system operates on a distributed ledger-based infrastructure, integrating robust data encryption and multi-factor authentication, thereby providing formidable protection against fraudulent activities and cyber threats.
Consequently, BRICS Pay is one of the most secure cross-border payment solutions globally, retaining its speed and convenience. These advancements elevate the standards for financial services across diverse user demographics, from travelers and enterprises seeking cost efficiencies to BRICS member states striving to fortify their financial autonomy.
The intrinsic value of BRICS Pay lies in its function as an integration hub amidst increasing financial fragmentation. It is a distinctive “bridge” connecting disparate national payment systems, regional economic blocs, and diverse currency zones. This attribute positions BRICS Pay as a pivotal node within the evolving multipolar financial architecture and a natural intermediary in the emergent global economic order.
Strategic Alliance with Impact Capital
Impact Capital’s strategic alliance underpins BRICS Pay’s investment proposition. Their expertise spans the commercialization of advanced technologies and robust government relations, amplified by a network of trusted partners.
This consortium includes PayLab, INPAS, Payture, Your Payments, iLink, and StecPoint, alongside leading Russian financial institutions. The alliance extends globally, incorporating operators like Whitebird, FiniPay, Oxy Pay and NB Pay. This synergy integrates comprehension of regulated markets with technological innovation, establishing a formidable presence in the global payments sector.
Valery Zolotukhin (Val Zolot), founder of Impact Capital, underscores this commitment: “We are endorsing a foundational platform. BRICS Pay directly addresses the fragmentation inherent in global payments. Its scaling model, predicated on governmental and national payment system partnerships, mitigates risks and maximizes potential.
This represents a long-term commitment to reconfigure financial architecture. We are only at the genesis of this endeavor.” This statement emphasizes a strategic investment philosophy prioritizing foundational impact over transient market trends.
Industry experts widely acknowledge BRICS Pay as a unique investment opportunity. It integrates desirable attributes: the expansive scale and stability of a state-backed initiative, the agility and disruptive potential of a technological startup, the immense market potential inherent in a critical infrastructure asset, and the profound strategic importance of a foundational institution.
For investors discerning enduring trends and transformative shifts within the global economy, BRICS Pay offers an unparalleled opportunity to engage in a project capable of redefining the international payments landscape. This transcends a mere investment in technology or a business model; it constitutes a rare opportunity to contribute to and shape financial history.
