The move would connect India’s Unified Payments Interface with Spain’s instant payment system, potentially widening cross-border retail payment options between the two countries.
India and Spain are accelerating discussions on linking UPI, India’s Unified Payments Interface (real-time payments network), with Bizum, Spain’s instant payment system. A tie-up between the two platforms could streamline retail transfers and payments across the two countries, reflecting a broader push to connect domestic fast-payment rails for cross-border use. The source frames the development as an active effort to speed up talks rather than a finalized agreement.