Athens/New Delhi: In another major boost to India’s rapidly expanding digital payments ecosystem, Eurobank has launched a UPI-based cross-border remittance service, enabling eligible customers in Greece to transfer money instantly to India with lower transaction costs and enhanced security.
The new service has been introduced under Eurobank’s strategic partnership with NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India. The initiative marks another milestone in the global expansion of India’s flagship Unified Payments Interface (UPI) platform.
Welcoming the development, Union Commerce and Industry Minister Piyush Goyal said the launch of UPI services at Eurobank represents a significant step in taking India’s digital payment infrastructure to the global stage. He noted that with UPI now operational in Greece, eligible users can send money to India instantly, securely, and seamlessly, while transaction charges are expected to fall sharply compared to traditional remittance channels.
Delighted to witness the live demonstration of the Eurobank-NIPL partnership enabling UPI services at Eurobank headquarters in Athens, alongside its CEO, Mr. Fokion Karavias, and CEO of Fairfax Digital Services, Mr. Sanjay Tugnait, marking another important milestone in the… pic.twitter.com/whBtb02UdO
— Piyush Goyal (@PiyushGoyal) June 30, 2026
Goyal said the growing global adoption of UPI reflects increasing confidence in India’s technology-driven digital public infrastructure. He credited Prime Minister Narendra Modi’s vision of building innovative digital solutions that not only benefit India but also strengthen international economic partnerships and promote shared prosperity.
During his visit to Greece, Goyal also met Eurobank Chief Executive Officer Fokion Karavias. The two leaders discussed ways to deepen the India-Greece economic partnership and encouraged greater investment by Greek businesses in India.
The discussions also focused on exploring collaboration opportunities in manufacturing, infrastructure development, and other strategic sectors, with both sides expressing interest in expanding bilateral economic cooperation.
The launch further reinforces India’s efforts to make UPI a globally accepted digital payment platform, as the country continues to expand its fintech footprint across international markets.
