Current Affairs - International - Discussion

The National Payments Corporation of India (NPCI) has signed a memorandum of understanding with Eurobank of Cyprus to launch Unified Payments Interface (UPI) services in Cyprus. This partnership aims to facilitate seamless cross-border transactions, benefiting both tourists and businesses by offering a faster and more efficient digital payment solution. Additionally, the NSE International Exchange at Gujarat’s Gift City has entered into an MoU with the Cyprus Stock Exchange to enhance financial collaboration and cross-border investment flows. These agreements mark a significant step in strengthening financial ties between India and Cyprus while promoting digital financial infrastructure globally.