Goyal urges Brics to trade in local currencies, link payment systems

New Delhi: Commerce and Industry Minister Piyush Goyal on Friday urged BRICS member countries to link their payment systems, encourage trade in local currencies, and make digital trade more accessible globally.

Addressing the Opening Session of BRICS Business Forum 2026 here, he said India has taken significant initiatives in laying out a digital public infrastructure.

India's Unified Payments Interface (UPI) has crossed over 250 billion transactions a year, representing more than half of the transactions by volume across the world.