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BUSINESS AND ECONOMY - July 2026

Jul 2026

Jul 02, 2026

Eurobank Launches UPI Cross-Border Remittance to India

In June 2026, Eurobank launched a UPI‑based cross‑border remittance service enabling money transfers from Greece to India. The move makes Eurobank the first European bank to activate such a UPI facility, developed in collaboration with NPCI International Payments Limited (NIPL), the global arm of the National Payments Corporation of India. The service aims to reduce transfer times and costs for Indian residents with accounts in Greece and to expand digital payment connectivity between Europe and India. Market observers expect the initiative to catalyse further adoption of UPI across international remittance corridors.
  • Eurobank becomes first European bank with UPI-based Greece–India remittance.
  • Collaboration with NPCI International Payments Limited (NIPL).
  • Aims to lower transfer times and costs for users.
  • Expands India's digital payment reach in Europe.
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