Current Affairs · Banking and Finance
Which two entities are collaborating to interlink India's Unified Payments Interface (UPI) system with Europe's TARGET Instant Payment Settlement (TIPS) system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Reserve Bank of India (RBI) and State Bank of India (SBI)
- 2European Central Bank (ECB) and NPCI International Payments Limited (NIPL)✓
- 3Reserve Bank of India (RBI) and NPCI International Payments Limited (NIPL)
- 4Reserve Bank of India (RBI) and European Central Bank (ECB)
Correct answer
European Central Bank (ECB) and NPCI International Payments Limited (NIPL)
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