BUSINESS

NPCI cuts by half response time for UPI transactions

The National Payments Corporation of India (NPCI) has reduced the response time for various stages of Unified Payments Interface (UPI) transactions to improve user experience and system efficiency. Effective June 16, the response time for debit and credit processing under Request Pay and Response Pay APIs has been halved from 30 seconds to 15 seconds.

TIMES OF INDIA
5 hours ago
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