2 weeks ago

BRICS Finance Ministers Meet in Jaipur Focuses on Fintech Payments

BRICS Finance Ministers Meet in Jaipur Focuses on Fintech Payments
FinMin And RBI Governor At BRICS Meet: What India Wants On Finance, Fintech And Payments · timesnownews.com

Some very important money experts from a group of countries called BRICS met in a city in India called Jaipur.

The leaders of the meeting were India's finance minister, Nirmala Sitharaman, and the head of India's central bank, Sanjay Malhotra.

They talked about how to keep the world's money systems safe and steady.

They also discussed how banks in different countries can work together better.

They talked about new technology for money, like paying digitally with phones.

They wanted to make it easier to send money between countries.

This is called cross-border payments.

They also discussed making the overall economy stronger.

The meeting lasted for two days.

It shows how countries can cooperate to keep their money systems safe.

Key facts

Event
BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting
Co-Chairs
Nirmala Sitharaman and Sanjay Malhotra
Location
Jaipur, India
Dates
August 12-13
Duration
Two days
Key Topics
Financial stability, central bank cooperation, fintech, cross-border payments, economic resilience

Sources

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