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UPI to interlink with European instant payment system TIPS
Business Standard
|November 22, 2025
India's real-time payments rails Unified Payments Interface (UPI) will be interlinked with TARGET Instant Payment Settlement (TIPS), the instant payment system operated by the Eurosystem, the Reserve Bank of India (RBI) said on Friday.
The UPI-TIPS interlinkage is aimed at facilitating cross-border remittances between India and the Euro Area and is expected to benefit users of both jurisdictions.
RBI, along with NPCI International Payments (NIPL), was engaging with the European Central Bank on the initiative to connect UPI with TIPS.
This story is from the November 22, 2025 edition of Business Standard.
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