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flag India to link UPI with Eurosystem’s TIPS for faster, cheaper cross-border payments.

flag The Reserve Bank of India has announced plans to link India’s UPI with the Eurosystem’s TIPS, enabling faster, cheaper, and more transparent cross-border payments between India and the Euro Area. flag The initiative, developed with NPCI International Payments Limited and the European Central Bank, aligns with the G20’s global payments roadmap. flag Technical integration, risk management, and settlement mechanisms are underway. flag This move supports India’s broader strategy to expand UPI’s global reach, including Peru’s planned launch of a UPI-like system in 2026.

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