Unified Payments Interface (UPI) transactions are about to become much faster, thanks to a new directive from the National Payments Corporation of India (NPCI). According to the latest notification issued by NPCI, the response time for completing a UPI transaction will be reduced by approximately 50 percent starting June 16.

Previously, users sending money via UPI or scanning a QR code had to wait a certain amount of time to receive a confirmation message indicating that the transaction was successful. In some cases, this waiting time was noticeably long. However, NPCI has now confirmed that this delay will be significantly reduced.

Under the updated guidelines, credit and debit transactions will be completed in just 15 seconds, down from the current duration of 30 seconds. Additionally, processes such as fetching transaction status, reversing failed transactions, and address verification will be completed in just 10 seconds, as opposed to the previous 30 seconds.

NPCI emphasized that these changes are intended to improve the overall user experience. The organization has urged payment service providers like Paytm and PhonePe, as well as banks, to update their systems to meet the new response time standards by June 16.