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Tuesday, December 24, 2019
BRICS Drives Mobile Payments Growth Last Decade
A few decades ago, a certain acronym was a darling of Wall Street, a place where acronyms thrive. BRIC. And, later, BRICS
BRICS is an international association made up of five countries – Brazil, Russia, India, China, and South Africa. Taken together, their population forms about 42% of the world's overall population. It's therefore little surprise that the five countries, albeit some more intensely than others, are becoming major economic and political influences. They are also becoming more focused on innovation, which was the subject of the last BRICS summit last month in Brazil: “BRICS: Economic Growth for an Innovative Future”
The nations plan to set up a virtual constellation to access remote-sensing data, which could be used to monitor natural resources and manage disasters
When the leaders of BRICS countries (Brazil, Russia, India, China and South Africa) ended their annual summit in Johannesburg, South Africa, last year, a new agreement came into effect
Moscow looks to gain investment and skills from Chinese giant
AliExpress Russia is looking to grab a share of the growing e-commerce market
While US banned Huawei for alleged espionage and asked its allies to do the same, Russia has rolled out red carpet for Huawei, letting it develop 5G networks