{"id":367748,"date":"2025-11-26T12:00:00","date_gmt":"2025-11-26T06:30:00","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=367748"},"modified":"2025-11-26T11:47:47","modified_gmt":"2025-11-26T06:17:47","slug":"rbi-upi-tips-cross-border-payments-legal-news","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/11\/26\/rbi-upi-tips-cross-border-payments-legal-news\/","title":{"rendered":"RBI to Link UPI with Eurosystem&#8217;s TIPS for Faster Cross-Border Payments"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">On 21-11-2025, the <span style=\"font-weight: bold;\">Reserve Bank of India<\/span> issued a press release on <span style=\"font-weight: bold;\">Interlinking of Unified Payments Interface (UPI) with the TARGET Instant Payment Settlement (TIPS) of the Eurosystem.<\/span><\/p>\n<h3>All you need to know about the interlinking:<\/h3>\n<ol style=\"list-style-type: decimal;\">\n<li>\n<p>RBI has been actively pursuing interlinking of UPI with fast payment systems of other jurisdictions to promote cross-border payments.<\/p>\n<\/li>\n<li>\n<p>This initiative is in alignment with the G20 Roadmap for enhancing cross-border payments.<\/p>\n<\/li>\n<li>\n<p>The interlinkage aims to facilitate cross-border remittances between India and the Euro Area and is expected to benefit users of both jurisdictions.<\/p>\n<\/li>\n<li>\n<p>It focuses on cheaper, more efficient, more transparent and more accessible remittances.<\/p>\n<\/li>\n<li>\n<p>RBI and NPCI International Payments Limited (&#8216;NIPL&#8217;) have been engaging with European Central Bank on the initiative to connect UPI with the TARGET Instant Payment Settlement (TIPS).<\/p>\n<p><span style=\"font-weight: bold;\">Note-<\/span> TIPS is the instant payment system operated by the Eurosystem.<\/p>\n<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p style=\"font-style: italic;\">RBI announced plans to interlink the Unified Payments Interface with the TARGET Instant Payment Settlement operated by the Eurosystem to enable seamless and cost-effective remittances between India and the Euro Area.<\/p>\n","protected":false},"author":67515,"featured_media":367752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[93369,2732,93370,61720],"class_list":["post-367748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications","tag-interlinking-of-unified-payments-interface","tag-Reserve_Bank_of_India","tag-target-instant-payment-settlement","tag-tips"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>RBI to Link 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