India, June 16 -- The National Payments Corporation of India (NPCI) and Eurobank of Cyprus have signed a memorandum of understanding (MoU) to introduce Unified Payments Interface (UPI) services in Cyprus for cross-border transactions that will benefit tourists and businesses.

This was one of the key business outcomes from Prime Minister Narendra Modi's visit to Cyrus, which concluded on Monday with the two sides agreeing on measures to ramp up cooperation in trade and investment.

The NSE International Exchange at Gujarat's Gift City too signed an MoU with Cyprus Stock Exchange to enable cross-border flows. The agreement is expected to benefit investors in Gift City, Cyprus and Europe, officials said.

India and Cyprus are exploring easi...