![NPCI International Payments Ltd has signed a MoU with Greece-based Eurobank S.A NPCI International Payments Ltd has signed a MoU with Greece-based Eurobank S.A](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvW0frpc2-9m8A1NX0O0P0LHEmoeVgH_vdzNT1jcLOX53S82ldx2VXY3FX6ocU8vySGPxh4lr1h0t6tP2kPkDd-2sOBzDCpizC0VP7tKO9HlCpksqoSyoFD61W_ClCnP83iA1KOIyvC3dZchggdUvGryWUJg_S4RHhYx08aYpfOMtZCrIozAEPWq_gODMd/w320-h192-rw/Copy%20of%20Copy%20of%20Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(17).png)
- 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.
Question:
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