Russia, China & India to set up alternative to SWIFT payment system to connect 3 billion people

RT | October 28, 2019 Members of the BRICS trade bloc Russia, India, and China have decided to connect their financial messaging systems to bypass the SWIFT international money transfer network. Russia’s financial messaging system SPFS will be linked with the Chinese cross-border interbank payment system CIPS. While India does not have a domestic financial […]