With the BRICS summit around the corner and India playing the devil's advocate, is there any chance of an independent payment system? :- www.deekpay.com

　　The BRICS countries (Brazil, Russia, India, China and South Africa) have been exploring the creation of independent financial systems to reduce their dependence on Western financial infrastructure. Below is a brief analysis and commentary on what you have provided:

　　1. **Necessity of an independent payment system in BRICS**:

　　- Platforms using Western financial infrastructure have become increasingly politicised as a result of political decisions in Western countries.

　　- The establishment of an independent payment system will help the BRICS countries to realise faster and cheaper foreign trade transactions on the basis of new technologies and without external interference.

　　2. **Reduce the share of the United States dollar in mutual settlements**:

　　- The BRICS countries plan to reduce the use of the United States dollar in mutual settlements in favour of national currencies, which will help to reduce dependence on the United States dollar and enhance economic cooperation among the BRICS countries.

　　- The possible introduction of digital currencies in the future would be a major advancement in the field of fintech.

　　3. **Perspectives of Siluanov and Putin**:

　　- Siluanov emphasised that the BRICS aim to stimulate economic growth and raise citizens' incomes, transcending political and external pressures.

　　- Putin believes that the slowdown of Western economies will be a long process, but they will still lose their place in the world economy.

　　4. **New multilevel development model**:

　　- As the BRICS countries and their partners become the main drivers of global economic growth, a new multilevel development paradigm is emerging that is no longer concentrated in Europe or North America.

　　Overall, the efforts of the BRICS countries to establish independent payment systems reflect their desire to seek greater autonomy and influence in the global economy. The following are some of the possible challenges and opportunities:

　　- **Challenges**: The establishment and maintenance of an independent financial system requires considerable skills, resources and coordination, while at the same time facing international political and economic pressures.

　　- **Opportunity**: Independent payment systems help BRICS countries to better control their economic destiny, promote internal trade and investment, and play a greater role in the global financial system.

　　This programme is expected to make substantial progress in the coming years as BRICS cooperation deepens.