New Silk Road BRICS and Joys Digital announced a BRICS payment system

Digital Bank BRICS / payment infrastructure

Digital Bank BRICS reported that New Silk Road BRICS and Joys Digital signed an agreement to create a BRICS Payment System.

Project context

The initiative was described as part of BRICS Digital Bank, with implementation on the Joys Platform and support from BRICS financial and technology associations.

Why it matters

Payment infrastructure is central to cross-border trade: faster settlement, digital-currency interoperability and platform integration can reduce friction for BRICS+ commerce.

Institutional support

The announcement connected the agreement with the BRICS Financial Association and the BRICS IT, Blockchain and Cryptocurrency Association. This positioned the payment system as part of a broader financial and digital-infrastructure agenda rather than a standalone product.

Implementation model

The project was linked to the Joys Platform and to the concept of BRICS Digital Bank. The article described future use of BRICS and BRICS+ cryptocurrencies in trade and logistics services offered through New Silk Road BRICS.

Cross-border use case

The business case is clear: exporters, importers and logistics participants need faster and more interoperable settlement tools. A BRICS-focused payment layer could support platform transactions, trade finance links and digital-currency experiments across partner markets.

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