Reserve Bank of India (RBI) Officially Announces UPI-TIPS Interlinkage, Aiming Enhanced Cross-Border Payments Across Euro Area
RBI has now officially announced the UPI-TIPS interlinkage as part of the G20 Roadmap, and this initiative aims to enhance the cross-border payments across the Euro Area.
Read more about the update below.
UPI-TIPS Interlinkage – Officially Announced
As mentioned, the UPI-TIPS Interlinkage initiative is aligned with the G20 Roadmap and aims in enhancing cross border payments. The goal is to make remittances cheaper, efficient, transparent, as well as accessible, and for this, both RBI (Reserve Bank of India) and NIPL (NPCL International Payments Limited) have worked together engaging with the European Central Bank, bringing the UPI connection to the Eurosystem-operated instant payment system – TIPS (TARGET Instant Payment Settlement).
The UPI-TIPS link realization phase has already been agreed upon and thanks to which, cross border remittances between India and the European Union have been made possible. Users of both these regions are also said to be benefited from this initiative. Furthermore, in order to operationalize the UPI-TIPS link, both RBI and NIPL will be continuing its collaboration with European Central Bank, and aspects like technical integration, risk management, and settlement arrangements will be focused.
In related news, early this month in November 2025, TRAI (Telecom Regulatory Authority of India) approved the CNAP Portal with a pan India roll-out expected by the month of March 2026. The CNAP Portal is aimed to provide caller details taken directly via the KYC database to users. Around the mid-half of this month in November 2025, the country also launched the E-Passport System, bringing out chip-enabled booklets, redesigned website and app, along with many new features.
Stay tuned for more updates.
