Arcadia Economics: EU and India Bypasses SWIFT to Trade with BRICS Nation

The global financial landscape is constantly evolving, but every so often, a development emerges that signals a truly seismic shift. The latest update from Arcadia Economics, led by Vince Lanci’s insightful market commentary, brings precisely such news, painting a vivid picture of a world moving towards a multipolar financial architecture. At the heart of this update is a groundbreaking financial collaboration poised to reshape cross-border payments. The European Central Bank (ECB) and India have announced a direct financial corridor, linking Europe’s instant payment system (TIPS) with India’s immensely successful Unified Payments Interface (UPI). What makes this revolutionary? It enables the first-ever direct rupee-euro instant payment corridor,…