Last Updated:June 16, 2025, 17:09 IST
Starting June 16, 2025, NPCI mandates all UPI participants to reduce transaction times to 15 seconds, enhancing efficiency for platforms like Google Pay, PhonePe, and banking apps.
UPI transactions has become faster by 15 seconds after NPCI’s mandate from June 16.
In a big relaxation to users, UPI payments have now become faster and swifter from today, June 16, 2025. It is all happening thanks to a new mandate by the National Payments Corporation of India (NPCI), directing all UPI participants, including banks and payment apps, to reduce the maximum response time for UPI-based financial and non-financial services.
Under the new rules, the time taken for completing a UPI transaction—whether it’s sending or receiving money—will now be capped at 15 seconds, down from the previous 30-second limit. This reduction applies to all UPI-enabled platforms like Google Pay, PhonePe, Paytm, and banking apps such as SBI YONO, iMobile Pay, and others.
Imagine This: You’re at a café with friends and decide to split the bill. Your share comes to Rs 320. You open your Google Pay app, linked to your Axis Bank account, and scan the café’s QR code—which is connected to a Kotak Mahindra Bank account.
Here’s what happens behind the scenes:
Axis Bank sends a “pay” request to Kotak Bank through the NPCI UPI system, asking it to receive Rs 320. Kotak then checks if everything’s fine on their end—account active, details correct, etc.—and then sends back a confirmation that the money has been received. This confirmation travels back through the NPCI system to Axis Bank, which finally shows you a “Payment Successful” message.
Until now, this whole process could take up to 30 seconds. But starting June 16, 2025, it’s expected to take just 15 seconds—half the time!
And it’s not just payments—activities like checking transaction status or reversing failed payments will now take just 10 seconds instead of 30. So if a transaction goes wrong, you won’t have to wait long to get updates or reverse it.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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