The service allows Indian customers holding accounts with Eurobank in Greece to send funds to India through UPI-linked systems, improving the speed and efficiency of cross-border transfers.
The initiative follows a Memorandum of Understanding (MoU) signed in early 2024 between NPCI International Payments Limited and Eurobank to enable interoperability for cross-border payments using the UPI infrastructure operated by National Payments Corporation of India.
Eurobank said the system was built through integration between its internal banking network and NPCI’s payment infrastructure to enable smoother remittance flows from Greece to India. The bank added that transaction charges would be kept minimal, primarily covering operational costs.
Stavros Ioannou, deputy chief executive officer and group chief operating officer, Eurobank, said the platform was designed to facilitate faster and more efficient remittances for Indian customers in Greece. He added that the facility is currently available to Eurobank account holders and supports inward transfers to India.
The bank also said the initiative aims to improve convenience for the Indian diaspora in Greece by simplifying cross-border money transfers.
Separately, Eurobank is set to open its first representative office in India during the visit of Cyprus President Nikos Christodoulides to Mumbai on Thursday. The office will focus on facilitating cross-border transactions and exploring business opportunities between India, Greece, and Cyprus.
Commenting on the development, Rohit Mahajan, Founder & CEO of plutos ONE, said India’s digital payments ecosystem is expanding internationally, supported by the growth of UPI and related infrastructure. He noted that cross-border integrations reflect increasing global acceptance of India’s payment systems, which recorded 22.35 billion UPI transactions in April 2026, valued at ₹29.03 lakh crore.
–With PTI inputs
