RBI Begins Work on Linking UPI–TIPS to Ease India–Eurozone Money Transfers

RBI begins work on linking UPI–TIPS to ease India–Eurozone money transfers

RBI has started linking UPI with Europe's TIPS instant payment system, aiming to streamline cross-border transactions between India and the eurozone, while promoting the global expansion of India's digital payment infrastructure.

RBI Announces Interlinking of UPI with European Instant Payment TIPS

Get latest articles and stories on Business at LatestLY. The proposed UPI-TIPS interlinkage aims to facilitate cross-border remittances between India and the Euro Area and is expected to benefit users of both jurisdictions, the RBI said in a statement. Business News | RBI Announces Interlinking of UPI with European Instant Payment TIPS.

RBI starts interlinking UPI with TIPS of Eurosystem

RBI initiates UPI-TIPS interlinkage to enhance cross-border remittances between India and the Euro area.

RBI Begins Linking UPI With Europe’s TIPS To Simplify India–Eurozone Money Transfers

The Reserve Bank of India (RBI) has initiated the implementation of a UPI–TIPS integration to streamline cross-border remittances between India and the eurozone. The move follows discussions with the European Central Bank (ECB) and will be executed in partnership with NPCI International Payments Ltd (NIPL), the international arm of the National Payments Corporation of India. TARGET Instant Payment Settlement (TIPS) is Europe’s instant payment sy…

RBI starts work on linking UPI with TIPS to facilitate money transfers between India and Eurozone

Following discussions with the European Central Bank on linking UPI with the European TIPS system for instant payments, the Reserve Bank of India (RBI) has started the implementation phase of the UPI-TIPS integration in collaboration with NPCI International Payments Ltd. TARGET Instant Payment Settlement, or TIPS, is an instant payment system operated by the Eurosystem, […]

UPI Set To Enter Europe As RBI, NIPL Move to Link With ECB’s TIPS

Adding on to its bid to make UPI a global phenomenon, the Reserve Bank of India (RBI) has announced that India’s digital payment option is soon to enter Europe.  The RBI and NPCI International Payments Ltd (NIPL) have entered the “realisation phase” of linking UPI with the TARGET Instant Payment Settlement (TIPS) system run by the European Central Bank. Once live, the UPI–TIPS link will allow users in India and the Euro Area to send and receive …