PREVIOUS
✖
UPI–TIPS Cross-Border Payment Link
November 26 , 2025
16 hrs 0 min
16
0
- The RBI announced that UPI will be linked with the TARGET Instant Payment Settlement (TIPS) system of the European Union.
- This move supports the G20 Roadmap to make cross-border payments cheaper, faster, and more transparent.
- RBI and NPCI International Payments Limited (NIPL) have worked with the European Central Bank (ECB) to begin the realisation phase of the UPI–TIPS connection.
- TIPS is the instant payment system operated by the Euro system (central banks of the euro area).
- The UPI–TIPS link will help enable easy and quick cross-border remittances between India and the European Union.
Leave a Reply
Your Comment is awaiting moderation.