Eurobank has formally opened its representative office in India, marking its first institutional presence in the country and a new step in its strategy to connect Greece, Cyprus and India more closely.
The launch took place on May 21 at the Taj Mahal Palace in Mumbai, in the presence of Cypriot President Nikos Christodoulides, and was paired with the live rollout of Eurobank’s cross-border payments service to India through UPI.
Eurobank initiative is designed to support trade and investment flows between the European Union and India, while positioning Greece and Cyprus as strategic entry points for Indian businesses looking to expand into Europe.
First institutional foothold in India
The Mumbai office is more than a symbolic outpost, as it will function as a business development hub, helping attract investment, build corporate partnerships and provide information and support for Indian companies and investors interested in the bank’s products and services.
The office also strengthens Eurobank’s visibility in a market where the group sees long-term strategic potential. Beyond India itself, the bank is using the new presence to deepen ties with Cyprus and Greece as regional gateways for Indian firms entering the EU market.
UPI service goes live
Through its partnership with NPCI International, Eurobank becomes the first Greek and Cypriot bank, and the first bank in Southeastern Europe, to support UPI-based cross-border payments to India.
The service is already available in Greece and is planned to expand to Cyprus later. It covers the full transaction cycle, including initiation, clearing, settlement, reconciliation and dispute handling, making the link more than just a payments bridge.
Eurobank’s move comes as Europe and India deepen their economic relationship, supported by recent diplomatic engagement and the progress of an EU–India free trade agreement. The bank is also part of broader commercial and technological ecosystems, including the India–Greece–Cyprus Business Council and the India Deep Tech Alliance.
