Tag: SWIFT
As BRICS Pay rises, Africa rethinks cross-border payments
Africa’s long-fragmented cross-border payment systems may be on the cusp of transformation, driven by emerging alternatives to Western-dominated networks like SWIFT. The launch of BRICS ... Read More
China expands yuan payment system to Africa and Asia, challenging dollar dominance
In a strategic move to reduce global reliance on the U.S. dollar, China has welcomed six new financial institutions from Africa, the Gulf, and Central ... Read More
Nigeria’s intention to join BRICS will not be influenced by West — FM
Nigeria will apply for membership of the BRICS in the next two years and it intends to join the group with or without pressure from ... Read More