Vaisakhi Offer- Use Code VAISAKHI24

Register Now

NPCI International Payments Ltd has signed a MoU with Greece-based Eurobank S.A

Published on March 02, 2024
Current Context: NPCI International Payments Limited (NIPL), a subsidiary of National Payments Corporation of India (NPCI), and Eurobank S.A., a leading Greek bank, have signed a Memorandum of Understanding (MoU) on February 28, 2024 in New Delhi.
NPCI International Payments Ltd has signed a MoU with Greece-based Eurobank S.A
  • The MoU is aimed at enhancing cross-border payments using UPI rails.
  • This agreement is specifically focused on streamlining remittances from Greece to India.
  • The MoU was signed at the Embassy of Greece in New Delhi by Mr. Ritesh Shukla, CEO of NIPL, and Mr. Fokion Karavias, CEO of Eurobank.
  • This strategic alliance will enable the Indian diaspora residing in Greece to undertake quick and seamless remittances to India using UPI rails.
  • Both parties will manage fund settlement, reconciliation, and dispute resolutions in their respective jurisdictions.


Q.1 What is the main objective of the MoU signed between NPCI International Payments Limited (NIPL and Eurobank S.A.?
a. To enhance cross-border payments using UPI rails
b. To establish a new bank in India
c. To merge NIPL and Eurobank S.A.
d. To launch a new cryptocurrency
ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu