CURRENT AFFAIRS ­­ BRICS PAY: A BID TO REDUCE SWIFT DEPENDENCE – BRICS is seeking to reduce Western dominance in global financial architecture by developing BRICS Pay, a cross-border payments framework intended to reduce reliance on the US–led Society for Worldwide Interbank Financial Telecommunication (SWIFT) system. What is BRICS Pay? Background for BRICS led Financial … Continue reading 7 November 2025