The ECB disclosed on 2 October 2026, in the Governing Council's periodic notice of decisions taken in addition to those setting interest rates, that the Council considered a recommendation of the Market Infrastructure Board on the pricing of the TIPS interlinking service. The same entry records that on 24 September 2026 the Council took note of a status update on progress made on interlinking the TIPS platform with other fast payment systems globally.
At that meeting the Council approved the initiation of an assessment of the feasibility of interlinking with Brazil's instant payment system, Pix. The ECB's cross-border page lists India's UPI in the realisation phase, with Nexus, Switzerland's SIC IP and Brazil's Pix in the investigation phase.
The ECB said more detailed information will be provided on its website as further progress is made.