مجلة اقتصاد المال و الأعمال
Volume 10, Numéro 2, Pages 229-242
2026-06-30

Geopolitical Tensions And Alternative Payments: A Panel Study Of Brics, 2010–2021

Authors : Balouz Mohamed . Hamdi Najla .

Abstract

This study explores the influence of geopolitical tensions and economic indicators on the adoption of alternative payment systems across BRICS nations from 2010 to 2021. Utilizing panel data analysis, it assesses the effects of geopolitical tensions, GDP, inflation, and exchange rates on transaction volumes. The findings reveal that both geopolitical tensions and GDP exert a statistically significant positive influence on the use of alternative payment systems, while inflation and exchange rates are not significant predictors. These results imply that geopolitical instability and economic expansion drive increased reliance on alternative payment methods. The study urges policymakers in emerging economies to account for these factors in shaping resilient financial infrastructures. It also highlights the need for further research into broader macroeconomic and socio-political variables.

Keywords

Geopolitical Tensions, Alternative Payment Systems, BRICS, Economic Growth, Panel Data Analysis.