European Central Bank Embarks on Work to Interlink Target with UPI and Nexus Global Payments
Hey FinTech Fanatic!
The European Central Bank is beginning work to interlink the Eurosystem’s Target Instant Payment Settlement (Tips) with India’s Unified Payment Interface (UPI) and other real-time payment networks across Asia.
The initiative aims to simplify cross-border Payments for businesses and consumers, including remittances. The ECB says