According to people familiar with the matter, India will push the BRICS countries to expand the application of central bank digital currency in cross-border payments, but it will not support the establishment of a unified payment network. People familiar with the matter said that India holds the rotating presidency of the BRICS countries this year, and Prime Minister Narendra Modi supports the use of central bank digital currency to settle bilateral trade between member states. As the discussions were confidential, these individuals requested anonymity.

According to people familiar with the matter, India will push the BRICS countries to expand the application of central bank digital currency in cross-border payments, but it will not support the establishment of a unified payment network. People familiar with the matter said that India holds the rotating presidency of the BRICS countries this year, and Prime Minister Narendra Modi supports the use of central bank digital currency to settle bilateral trade between member states. As the discussions were confidential, these individuals requested anonymity.