To a measure prepared to shake western economic hegemony, China has launched its expected alternative to the fast payment system, marking the beginning of a new era of financial free for the expanding BRICS block. According to Watcher.guru, the announcement of “BRICS Pay Network” coincided with the BRICS Engineering Congress 2025 in Shenzhen, and waves were immediately sent through international finances.
With this bold jump, the members of the BRICs, including Brazil, Russia, India, China, South Africa, Saudi Arabia, the United Arab Emirates, Egypt, Ethiopia, Iran and now Indonesia, are now ready to avoid rapid infrastructure dominated by the dollar, execute interbank payments in their own terms.
A direct challenge for the financial muscle of the United States
For decades, the United States armed its control over the Swift cooperative, a Belgian -based cooperative, which supports most cross -border payments to enforce the sanctions and surveillance of global capital flows. China’s alternative, with Russia as a vocal and technical partner, is designed for neutral financial tools. “This is a financial emancipation,” said a senior Chinese official, “and the first step to isolate our arbitrary western diktats economies.”
Moscow did not waste time to take the deployment. Russian finance minister Anton Siluanov declared: “The world is changing. Financial instruments should serve the sovereign nations, not to the geopolitical ambitions of a single block.”
The recent entry of Indonesia as the tenth member of BRICS was also summoned as a catalyst to accelerate the expansion of the payment network.
Technical details: Not only a copy, but a forward jump
While western voices can make fun of alternatives, the new BRICS system has technical advances: instant settlements in local currencies, blockchain -based audit and IRONCLAD digital security against foreign intrusion. Chinese, Russian and Indian banks already participate in a live pilot, and it is expected that billions in commerce wake up the fast network in a matter of months.
Notable, Saudi Arabia and the United Arab Emirates, the formal members of BRICS, provide great energy licor, feeding the speculation that oil, gas and critical products could soon be traded outside the dollar system.
Financial Times recently highlighted how this expansion is restructuring internal debates and the global BRICS reach.
The predictable panic of the West and the denials
As news appeared, Western officials rushed by points of conversation. The United States treasure minimized the threat, calling the BRICS payment network “unlikely to coincide with the scope and reliability of Swift.” But European bankers, who speak out of record, yield that a robust Brics system could the architecture of global payments. “If key energy exporters change even a fraction of their settlements far from Swift, the implications are seismic,” admitted an executive based in Frankfurt.
The “BRICS” ambitions of London’s Financial Times are clear. The question is: how much pain are willing to western banks and governments to support to maintain the supremacy of the dollar? “
Sur-south solidarity: the global south applauds the movement
From Lagos to Yakarta, the mood is celebrated. African and Asian finance ministers see BRICS’s gambit as the first serious challenge for Western post -war economic domain. Nigeria, now a BRICS partner, said the intention to test the system for select oil operations. Indonesian officials described the launch as “a generational change in economic power.”
AP News reported a broad approach to the integration of Indonesia, and pointed it out as an important step towards a multipolar economic order.
The measure is also a lifeguard for sanctioned states such as Iran, which can now be reconnected with global markets in their own terms, no longer at the mercy of the blacklist of Washington.
What follows: the beginning of dollar decoupling?
Analysts warn that a complete Swift decoupling will not occur during the night, but the writing is on the wall. “West has armed finance for too long,” said Dr. Yevgeny Markov, a prominent Russian economist. “With the payment of BRICS, we are placing the foundations for a world where financial sovereignty is real, not rhetoric.”
As Reuters highlights, relations with China-Brazil have also deepened, with frequent summits to discuss the next steps for cross-border settlement.
Just as critics indicate technical and trustworthy obstacles, there are little doubt: the launch indicates a new world where the Global South states no longer accept Western Financial Dictations such as the natural order.
Let’s not make sugar bets. It is not just about payment systems or bank code. This is the beginning of the end of an era in which a handful of western heroes of the world’s strings. With China and Russia leading the position, BRICs is forcing the West to consider the limits of his power: financial, political and moral.
West can mock, minimize or try sabotage. But the impulse is with the emerging world, and the financial future will not be dictated by those who brought the world to the edge of an endless conflict and division.
