NPCI Boosts UPI Transaction Speed for Better User Experience
Faster Transactions for Everyone
MUMBAI: The National Payments Corporation of India (NPCI) has made a significant update. They have reduced the response time for UPI transactions by half. This change is set to enhance the user experience and improve system efficiency.
What’s New?
- Response time for debit and credit processing is now just 15 seconds.
- This is a significant reduction from the previous 30 seconds.
- These updates became effective on June 16.
Ensuring Everyone Follows the Rules
NPCI is committed to these changes. They are closely monitoring compliance. To ensure everyone adheres to the new rules, financial penalties are in place.
