ECB Advances Real-Time Payment Integration with India’s UPI to Slash Cross-Border Costs

European Central Bank (ECB) is integrating its TIPS system with India’s UPI to lower costs and boost cross-border payment speed, benefiting European SMEs. UPI, managed by the National Payments Corporation of India, handled 20.7 billion transactions worth ₹27.28 lakh crore in October 2025. With $135.46 billion in remittances, the link supports G20 payment goals and strengthens the euro’s global role.