BRICS Shakes Global Finance: QR Code Payments Launch to Sidestep US Dollar Dominance

BRICS nations deploy QR code payment system—direct challenge to dollar hegemony.

Digital Sovereignty Push

Five major emerging economies roll out cross-border payment infrastructure that bypasses Western financial networks. No SWIFT, no dollar intermediaries—just seamless QR-scanned transactions between member states.

Tech-Driven Financial Defiance

The move accelerates de-dollarization efforts using standardized mobile payment protocols. Merchants and consumers across BRICS territories now transact directly in local currencies—cutting transaction costs by up to 80% and settlement times from days to seconds.

Because nothing disrupts legacy finance faster than a bunch of governments realizing they’ve been paying the ‘exorbitant privilege’ tax for decades.

BRICS QR Code Payments vs the US Dollar

Indonesia gains from the implementation of the QR code program, allowing it to expand its payment services QRIS abroad.said Bank Indonesia’s Governor Perry Warjiyo to Jakarta Globe. BRICS members are using every trick in their sleeve, including QR code payments, to end reliance on the US dollar.

Warjiyo explained that QR code systems will facilitate cross-border payments between Indonesia and China’s micro, small, and medium enterprises (MSMEs). The central bank governor explained that the pilot tests will be successful and will eventually roll out the program. The development will boost the BRICS alliance, equipping businesses to use QR codes for payments in local currencies. The governor said that both the Indonesian Payment System Association (ASPI) and China’s UnionPay International (UPI) are part of the pilot program.