UPI Ties Up With EU's TIPS For Faster Cross-Border Payments
RBI and European Central Bank begin linking UPI with EU's TIPS system to enable faster, cheaper cross-border payments between India and Europe. Expected completion in 6 months to 3 years.
Category : Search result: remittances
India's overseas remittances hit 13-month high in Sept
Money sent overseas by Indians under RBI's liberalised remittance scheme rose to $2.8 billion in September, driven by travel spending. Discover the shifting trends in foreign exchange outflows.
RBI Starts UPI-Europe TIPS Integration for Cheaper Remittances
RBI begins implementing UPI-TIPS link with European Central Bank. This will slash transfer costs & boost merchant acceptance for Indian travelers in Europe. A major step for globalizing India's payment system.
RBI Proposes Same-Day Credit for Cross-Border Payments
The Reserve Bank of India proposes game-changing same-day settlement for international transactions, boosting India's global trade efficiency and reducing transfer times dramatically.
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