BRICS Pay challenges global payments
Wednesday 16th September, 2026
BRICS Pay aims to connect national payment systems, letting people and businesses make cheaper cross-border payments in local currencies as an alternative to SWIFT.
This gives you a chance to explain what changing international payment networks could mean for people sending money abroad from the UK.
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Why have we flagged this?
BRICS Pay could reshape cross-border payments and currency use, giving Wise an opportunity to explain what it means for consumers and share insight on international transfer trends.
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Expert comment
Explain why more payment rails may mean more friction
Argue that BRICS Pay may reduce dependence on SWIFT while creating a more fragmented experience for consumers sending money internationally.
Expert comment angle: Offer Wise’s payments expert to consumer finance and technology journalists with the specific view that more networks do not automatically mean simpler or cheaper transfers.
Why: It turns a complex geopolitical story into a clear consumer question: will ordinary people actually notice a benefit?
Expert comment
Warn consumers that local currencies still need conversion
Explain that bypassing SWIFT does not remove exchange-rate costs, because consumers still need to convert between currencies when sending money abroad.
Expert comment angle: Offer a Wise spokesperson to personal finance desks with the specific warning that payment infrastructure and currency conversion are separate issues.
Why: It gives journalists a practical angle on what BRICS Pay could mean for household costs, rather than repeating institutional commentary.