India-Europe Payment Link SET! Faster, Cheaper Money Transfers NOW Possible? 🇮🇳🇪🇺

Overview

India's Unified Payments Interface (UPI) is set to connect with the European Central Bank's TARGET Instant Payment Settlement (TIPS) system. This "realisation phase" aims to create a direct channel for faster, cheaper, and more transparent cross-border money transfers between India and the Euro Area, benefiting individuals, small businesses, and exporters.