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UPI-TIPS Link: India and Eurosystem Move to Realisation

22 November 20251 min read
BANKING & FINANCEUPI-TIPS Link:India andEurosystem Moveto Realisation22 November 2025safalsetu.com

Why in the news

India and the European Central Bank moved ahead on connecting UPI to Europe’s instant payments system.

Key facts

  • Next phase: technical integration, risk management, settlement arrangements.
  • UPI accepted in Singapore, Bhutan, Nepal, Sri Lanka, UAE, Mauritius, Qatar, France.
  • India helps Namibia, Trinidad and Tobago, Peru build similar systems.

About TIPS

  • TARGET Instant Payment Settlement: Eurosystem-run, instant euro settlement 24/7.
  • Final and irrevocable payments; linkable to systems like UPI.

Exam angle

  • TIPS is run by the Eurosystem (ECB plus national central banks).

Test yourself

1. India's UPI is to be interlinked with which Eurozone payment system?

The link is with the Eurosystem's TARGET Instant Payment Settlement (TIPS).

2. NPCI International Payments Ltd (NIPL) is what in relation to NPCI?

NIPL is a wholly-owned subsidiary of NPCI.

3. The UPI-TIPS link involves RBI, NIPL and which European institution?

The European Central Bank (ECB) is the partner.

This topic is part of Daily Current Affairs 22 November 2025 (13 topics).

All topics of the dayDay quizNovember 2025

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