BRICS Pay QR

What is BRICS Pay QR?

BRICS Pay QR can provide a standardized connection between national payment methods and with commercial payment systems in BRICS+ countries. This system ensures consistent and reliable card and account-based payments through retail QR codes. The increasing use of QR codes for touchless payments allows merchants to offer customers a variety of payment options using a single QR code.

BRICS Pay aims to integrate with existing national payment systems and provide an online wallet accessible via mobile applications, enabling users to make payments in their national currencies using smartphones.

How to Install a PWA on iOS, Android

Download PWA BRICS Pay App

What is BRICS Pay QR?

BRICS Pay Basic Principles

01 Decentralization

Financial flows are distributed among a certain number of participants, and are not concentrated in the hands of central operators. This reduces the risk of system failures, increases the stability and transparency of working conditions.

02 Inclusivity

The system is accessible to all regardless of any factors (within the law any one party or group of countries does not control), ensures resilience to unilateral restrictive measures against any country, access to the system.

03 Efficiency

The payment system will have low transaction costs and fast payment processing times.

04 Transparency

Clear rules and provisions that are openly communicated to all participants.

05 Fairness

Equal rights for all parties involved in financial transactions so that no party receives an unfair advantage.

06 Responsibility

All parties involved in financial transactions must be held accountable for their actions and decisions.

BRICS Pay Benefits

Increased Inclusivity

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The platform will provide an inclusive financial service that is accessible to individuals

Convenience

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Consumers can use their preferred payment type via QR code for fast and convenient checkout

Consistency

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BRICS Pay QR codes work in the same way, regardless of their usage, to facilitate consistent and reliable payments for both merchants and consumers

Efficiency

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Merchants can use one QR code at checkout to accept multiple payment types and support loyalty and reward programs in the near future

Enhanced Security and Transparency

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With robust security measures in place, including encryption and multi-factor authentication, BRICS Pay aims to protect users' financial information and transactions from fraud and cyber threats

How to Pay through BRICS Pay using Credit Cards

Download PWA BRICS Pay App

How to Install a PWA on iOS, Android

Integration and Functionality

Unified Ecosystem

BRICS Pay and existing national and international payment systems are integral parts of a single ecosystem designed to enhance cross-border payment capabilities among BRICS nations, enabling seamless settlements across BRICS+ countries.

Digital Wallets and Cross-Blockchain Capabilities

BRICS Pay will feature a digital wallet that integrates various blockchain networks and bank accounts from BRICS countries, facilitating easy fund management and allowing users to make payments in national currencies within the BRICS+ framework.

Get involved

Wide collaboration

Collaboration may involve integrating existing payment systems or developing new features to enhance the platform. BRICS Pay's collaborative nature invites participation from various financial entities and retail merchants to leverage this innovative solution. Organizations seeking deeper collaboration can reach out to the heads of the BRICS Business Council's Financial Services and Investments Working Group in their respective countries.

BRICS Pay Specifications

Coming soon