Free Newsletter Get the hottest Fintech Singapore News once a month in your InboxBRICS is examining ways to make cross-border payments cheaper through closer links between fast payment systems and central bank digital currencies (CBDCs). Possible approaches include greater interoperability between members’ instant payment networks and connections between their respective CBDCs. The discussions follow an earlier RBI push to put CBDC connectivity on the BRICS agenda. BRICS currently has 11 members: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, the United Arab Emirates, Indonesia and Saudi Arabia. Featured image: Edited by Fintech News Singapore, based on images by Ministry of Finance of India via Wikimedia Commons and Frolopiaton Palm via Magnific