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