Eurobank Introduces Seamless UPI-Based Remittance Service from Greece to India

Eurobank has unveiled a revolutionary UPI-based remittance service aimed at streamlining the process of transferring money from Greece to India.  

This new offering promises reduced costs and faster transaction times for Indian customers holding accounts with Eurobank in Greece. 

Streamlined Money Transfers from Greece to India 

The UPI-based service is designed to enable Indian customers in Greece to conduct near real-time and low-cost money transfers to India.  

By integrating Eurobank's internal banking systems with the National Payments Corporation of India's (NPCI) payment infrastructure, the service assures improved speed and efficiency for cross-border remittances. 

This development is anchored on a Memorandum of Understanding signed in early 2024 between NPCI International Payments Limited and Eurobank, aimed at facilitating cross-border payment interoperability. 

Minimal Transaction Costs 

Eurobank has confirmed that transaction fees will be kept minimal, primarily covering operational expenses. The move is beneficial for Indians residing in Greece, simplifying cross-border transfer processes. 

Read More: UPI Led India’s Payment Volumes in CY 2025 While RTGS Accounted for Most Transaction Value! 

Opening New Doors in India 

In addition to launching the UPI service, Eurobank plans to open its first representative office in India. This launch, coinciding with the visit of Cyprus President Nikos Christodoulides to Mumbai, aims to enhance cross-border transactions and explore business prospects between Greece, India, and Cyprus. 

Impact of India's Expanding Digital Payment Ecosystem 

India's burgeoning digital payments scene underpins the global deployment of UPI platforms. With 22.35 billion UPI transactions in April 2026 valued at ₹29.03 lakh crore, the acceptance of India's payment systems is widespread and growing. 

Conclusion 

Eurobank's introduction of a UPI-based remittance service from Greece to India marks a significant step in enhancing the efficiency of cross-border financial transactions. Combined with the upcoming representative office in India, these initiatives strengthen the financial ties between the two nations. 

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