India, June 17 -- Unified Payments Interface(UPI) payments have been optimised with fast transactions and balance checks, the National Payments Corporation of India (NPCI), the body that manages UPI operations, said. Reversals are now being processed in just 10 to 15 seconds, which is a significantly lower wait time compared to before.

The decision comes in the light of NPCI's nudge to improve user experience on the country's most widely used digital payments platform. As a part of another simultaneous change by NPCI, users can now use UPI to check their bank balance up to 50 times a day. Earlier, there was no limit on the number of balance checks.

The new cap is designed to improve system efficiency and reduce unnecessary load on the n...