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Updated: June 14, 2025 15:38
The National Payments Corporation of India (NPCI) has announced a major upgrade to the Unified Payments Interface (UPI) system, promising faster and more reliable digital transactions starting June 16. The move is expected to significantly enhance user experience across popular platforms like PhonePe, Google Pay, and Paytm by reducing response times for key UPI services.
Key Highlights Of The UPI Upgrade
- NPCI has mandated a reduction in response times for several UPI APIs, including transaction status checks and reversals
- The response time for checking transaction status and processing reversals will drop from 30 seconds to just 10 seconds
- The Validate Address (Pay, Collect) API will now respond within 10 seconds, down from the earlier 15 seconds
- These changes apply to remitter banks, beneficiary banks, and payment service providers (PSPs)
What This Means For Users
- Failed transactions will be reversed more quickly, reducing wait times and uncertainty
- Users will receive faster confirmation of payment success or failure, especially during peak hours
- The upgrade is expected to reduce technical errors and improve reliability during high-volume periods
Implementation And Compliance
- All UPI ecosystem participants have been instructed to implement the changes by June 16
- NPCI has emphasized that any configuration dependencies at partner or merchant ends must also be addressed
- Banks and PSPs failing to comply may face penalties, as the changes are aimed at standardizing performance across the network
Broader Impact On Digital Payments
- The update is part of NPCI’s ongoing efforts to strengthen India’s digital payment infrastructure
- Experts believe the faster turnaround will boost user confidence and further accelerate UPI adoption
- With over 10 billion monthly transactions, UPI remains the backbone of India’s cashless economy
Sources: India TV News, TechGig, Angel One News
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