As he said at the Moscow Financial Forum, a number of BRICS member countries already have their own systems.
"We are trying to implement our system for transmitting financial messages - SPFS, our colleagues - Chinese partners have their own system," TASS quoted him as saying.
He noted that other BRICS countries also either create or have their own systems.
"Therefore, while this issue is a topic for discussion at the level of monetary authorities and financial departments of the BRICS member countries, and next year it will be one of the issues on the agenda of the meeting of this organization," Siluanov said.
In August, Valery Abramov, chief researcher at the Institute for the Study of International Economic Relations of the Financial University under the Government of the Russian Federation, said in an interview with RT that within the framework of the BRICS, it is necessary to create an alternative payment system similar to SWIFT.