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 money across borders in real…