JPMorgan Launches Cross-Border UPI FX with NPCI, HSBC India; Q2 Print Set July 14
JPM•JPMorgan has partnered with NPCI and HSBC India to enable cross-border UPI-based FX transfers as UPI expands into additional countries. The bank will release Q2 earnings on July 14, after several of Wall Street’s top analysts updated forecasts ahead of the report.
1. NPCI Partnership with HSBC India and JPMorgan
JPMorgan has joined India’s National Payments Corporation (NPCI) and HSBC India to facilitate cross-border UPI-based foreign exchange transfers, marking the first banking tie-up to support UPI payments beyond domestic borders.
2. Expansion of UPI to Additional Countries
NPCI is extending the Unified Payments Interface to new markets, targeting select countries in Asia and the Middle East to boost transaction volumes and international remittances.
3. Scheduled Q2 Earnings Release
JPMorgan will report its second-quarter financial results before the market opens on July 14, with investors watching for revenue growth and net interest margin trends.
4. Analyst Forecast Revisions Ahead of Q2
Several of Wall Street’s most accurate analysts have adjusted their Q2 earnings and revenue estimates for JPMorgan in the lead-up to the July 14 release, reflecting mixed expectations on trading and lending performance.
