India-Cyprus fintech connectivity and UPI-TIPS interoperability framework
National Payments Corporation of India (NIPL) announced MoU and framework establishment for cross-border payments interoperability with Eurobank Cyprus, European Central Bank (ECB) on May 23, 2026.
- Primary
- National Payments Corporation of India (NIPL)
- Counterparty
- Eurobank Cyprus, European Central Bank (ECB)
- Structure
- MoU and framework establishment for cross-border payments interoperability
- Date
- May 23, 2026
- Sub-sector
- Payments
India and Cyprus established UPI-TIPS interoperability framework enabling seamless cross-border transactions between India and Europe for tourists and businesses.
Source: europesun.com