--- title: Brics nations weigh joining up their fast payment rails description: Brics nations are exploring linkages between their fast payment systems and central bank digital currencies (CBDCs) to reduce cross-border payment costs,... canonical: https://daily.dev/posts/brics-nations-weigh-joining-up-their-fast-payment-rails-xzhqhjxwz twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Brics nations weigh joining up their fast payment rails | daily.dev og:description: Brics nations are exploring linkages between their fast payment systems and central bank digital currencies (CBDCs) to reduce cross-border payment costs,... og:url: https://daily.dev/posts/brics-nations-weigh-joining-up-their-fast-payment-rails-xzhqhjxwz og:image: https://api.daily.dev/og/posts/XzHqhJxWZ.png og:image:alt: Brics nations weigh joining up their fast payment rails og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Brics nations weigh joining up their fast payment rails **[TechCentral](https://daily.dev/sources/techcentral)** · 4 min read · 0 upvotes · 0 comments ## Summary Brics nations are exploring linkages between their fast payment systems and central bank digital currencies (CBDCs) to reduce cross-border payment costs, according to Reserve Bank of India governor Sanjay Malhotra. South Africa is already active on the fast payment front through the Southern African Development Community (Sadc), with BankservAfrica's platform clearing payments between South Africa and Zambia in 60 seconds since 2024. The Angolan kwanza recently became the second settlement currency in the Sadc real-time gross settlement system. On CBDCs, South Africa's Reserve Bank remains cautious about retail digital currency but is more open to wholesale CBDC arrangements for settlement. The RBI also urged Indian banks to adopt AI governance policies, viewing AI as an opportunity rather than just a risk. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How fast does BankservAfrica's TCIB platform clear cross-border payments between South Africa and Zambia? BankservAfrica's Transactions Cleared on an Immediate Basis (TCIB) platform clears payments between South Africa and Zambia in 60 seconds. This has been operational since 2024, with further regional corridors in the Southern African Development Community (Sadc) following. The Angolan kwanza also recently joined the rand as only the second settlement currency admitted to the Sadc real-time gross settlement system since its 2013 launch. _Teams building cross-border payment integrations in the Sadc region track infrastructure developments like these on daily.dev._ ## Similar posts on daily.dev - [Shoppers forcing merchants to adopt new digital payment methods](https://daily.dev/posts/shoppers-forcing-merchants-to-adopt-new-digital-payment-methods-rtd0oh2a9) · TechCentral · 0 upvotes · 0 comments - [South Africa’s identity and payments shift that most businesses missed](https://daily.dev/posts/south-africa-s-identity-and-payments-shift-that-most-businesses-missed-9nqvr45to) · TechCentral · 1 upvotes · 0 comments - [China signs up 26 financial institutions for digital-yuan cross-border payments](https://daily.dev/posts/china-signs-up-26-financial-institutions-for-digital-yuan-cross-border-payments-seq8jsfqq) · The Next Web · 0 upvotes · 0 comments - [If it quacks like a duck: Kganyago on regulating fintechs](https://daily.dev/posts/if-it-quacks-like-a-duck-kganyago-on-regulating-fintechs-0awwaoxch) · TechCentral · 0 upvotes · 0 comments --- Tags: [#fintech](https://daily.dev/tags/fintech) [View this post on daily.dev](https://daily.dev/posts/brics-nations-weigh-joining-up-their-fast-payment-rails-xzhqhjxwz) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Brics nations weigh joining up their fast payment rails","url":"https://daily.dev/posts/brics-nations-weigh-joining-up-their-fast-payment-rails-xzhqhjxwz","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/brics-nations-weigh-joining-up-their-fast-payment-rails-xzhqhjxwz"},"datePublished":"2026-08-11T09:58:39.851Z","dateModified":"2026-08-11T09:59:04.892Z","description":"Brics nations are exploring linkages between their fast payment systems and central bank digital currencies (CBDCs) to reduce cross-border payment costs,...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/431179748f5f29122ed3e9dcee4ed7ff?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/431179748f5f29122ed3e9dcee4ed7ff?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCentral","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCentral","logo":"https://media.daily.dev/image/upload/s--RsqLDZrL--/f_auto/v1717745297/logos/techcentral","url":"https://daily.dev/sources/techcentral"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/brics-nations-weigh-joining-up-their-fast-payment-rails-xzhqhjxwz","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"fintech","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCentral","item":"https://daily.dev/sources/techcentral"},{"@type":"ListItem","position":3,"name":"Brics nations weigh joining up their fast payment rails"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/brics-nations-weigh-joining-up-their-fast-payment-rails-xzhqhjxwz#faq","mainEntity":[{"@type":"Question","name":"How fast does BankservAfrica's TCIB platform clear cross-border payments between South Africa and Zambia?","acceptedAnswer":{"@type":"Answer","text":"BankservAfrica's Transactions Cleared on an Immediate Basis (TCIB) platform clears payments between South Africa and Zambia in 60 seconds. This has been operational since 2024, with further regional corridors in the Southern African Development Community (Sadc) following. The Angolan kwanza also recently joined the rand as only the second settlement currency admitted to the Sadc real-time gross settlement system since its 2013 launch. Teams building cross-border payment integrations in the Sadc region track infrastructure developments like these on daily.dev."}}]} ```