UPI transactions to get faster from this date soon, response time will be reduced to...

With the rise of digital payments, the government has introduced various initiatives and technologies to facilitate smooth transactions. The Unified Payments Interface (UPI) has emerged as a preferred choice for most users. In a significant development, the National Payments Corporation of India (NPCI) has announced a major upgrade, slashing UPI transaction processing time from 30 seconds to a swift 15 seconds.

NPCI is set to revolutionize digital transactions with a major upgrade starting June 16. This move aims to provide convenience to users by significantly reducing transaction processing times. As part of this upgrade, UPI transaction processing time will be slashed in half, from 30 seconds to 15 seconds. Additionally, the Application Programming Interface (API) response time, which is the time taken to process a request and send a response, will subsequently be reduced by 50%.

Furthermore, checking transaction status and reversing erroneous transactions (both debit and credit) will become much faster. Response times for these activities will drop by 75%, from 30 seconds to just 10 seconds. This will greatly enhance the overall digital payment experience, providing users with faster and more efficient transaction processing.

As per NPCI's new directives, digital payment systems like Paytm and PhonePe will check transaction status faster, between 45-60 seconds after initiation, instead of waiting 90 seconds, starting June 16, 2025.  The changes to the UPI transaction guidelines are expected to significantly benefit customers. According to experts, customers can look forward to a more reliable and efficient transaction experience. With quicker updates on transaction status, customers will no longer have to wait for long periods to confirm whether their payments have been successful or not.This development will also lead to faster detection and resolution of transaction issues, reducing the likelihood of prematurely flagging a transaction as failed due to temporary issues.