UPI TIPS integration in India enables faster, cheaper cross-border payments with Eurozone countries. Learn how RBI’s move benefits remittances, trade, and fintech growth. RBI Begins Linking UPI with Europe’s TIPS for Faster India‑Eurozone Payments The Reserve Bank of India (RBI) has officially initiated the realisation phase to interconnect India’s Unified Payments Interface (UPI) with the Eurosystem’s…
The Reserve Bank of India (RBI) has released a survey highlighting that the United States (US) has surpassed the United Arab Emirates (UAE) as the largest source of remittances to India. This marks a significant shift in India’s remittance inflows, demonstrating the increasing contribution of the Indian diaspora in the US. The findings of the…
International Day of Family Remittances 2023 The International Day of Family Remittances is observed on June 16th every year to recognize the significant contributions made by migrant workers in supporting their families and communities back home. This day highlights the importance of remittances in improving the lives of millions of people around the world. In…
