What would it take for a payment from the UAE to move across a shared BRICS rail instead of today’s patchwork of correspondent banks, regional systems and bilateral links? That is the question now being discussed. It is not, despite some of the louder headlines, a finished network.
BRICS Wants to Connect Payment Systems. Nothing Is Connected Yet, according to Robius.news.
This is worth watching for a concrete effect on UAE technology or business activity. Changes in customers, capital, regulation or operating capacity will show whether the development becomes materially important.
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