New Delhi, Sept. 10 -- Clarifying the core objectives behind the proposed BRICS cross-border payment mechanism, Pawan Joshi, Chairman of BRICS International, stated that the initiative is designed to build financial bridges and bolster national sovereignty rather than replace global financial architectures.

Addressing misconceptions surrounding the project, Joshi emphasised that the BRICS Pay platform is not intended as an aggressive move against existing global reserve currencies.

"The focus here is sovereignty," Joshi said. "Our country is a great country, under a great leadership. Our vision is to bring our country into a fully sovereign setup. This alliance on that aspect and that is the system we are working on."

Joshi directly re...