The 18th edition of the BRICS Summit in New Delhi marks a pragmatic stage in their financial approach. The members have not been looking at adopting a single currency for BRICS countries but are focusing on ‘interoperable payment systems’ and ‘local currencies’ for cross-border trade. The change is significant for volatile and risk-averse developing markets. The model is not an …

Have you ever longed to purchase that incredible K-beauty product from South Korea but turned away from the hefty foreign transfer fees? Alternatively maybe you have family living in Indonesia and money transfers have never been simple. Everyone, now, relax! You no more need to worry! Recent signed agreements between Indonesia and South Korea promise to alter approaches of foreign …