The Reserve Bank of India (RBI) has taken a significant step toward strengthening cross-border payments by announcing plans to link the Unified Payments Interface (UPI) with fast payment systems in other countries. The move supports the G20 roadmap aimed at making international remittances cheaper, faster, and more transparent.
In Talk With the ECB
RBI and NPCI International Payments Ltd. (NIPL) have been in discussions with the European Central Bank (ECB) to connect UPI with TARGET Instant Payment Settlement (TIPS), the Eurosystem’s real-time payment platform. After months of constructive engagement, the two sides have agreed to begin the phase of the UPI–TIPS integration.
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Once operational, the linkage will enable seamless, real-time remittances between India and the European Union. The arrangement is expected to benefit users in both regions by simplifying cross-border payments and reducing friction.
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RBI and NIPL will continue working closely with the ECB to finalise the technical architecture, settlement processes, and risk-management framework required to bring the UPI–TIPS connection into effect.
Indrani Priyadarshini is a journalist and editorial professional specialising in technology, artificial intelligence, smart cities, green energy, and digital transformation. With over four years of experience in tech journalism and digital media, she is known for turning complex industry developments into clear, engaging, and insightful stories. Her expertise spans reporting, editorial strategy, digital publishing workflows, and in-depth coverage of emerging technologies shaping the future.
