New Delhi, Sept. 22 -- The National Payments Corporate of India (NPCI) has announced to segregate UPI (Unified Payments Interface) settlement cycles for authorised and dispute transactions.

At present, UPI processes ten settlement cycles per day through RTGS wherein each cycle includes both authorised and dispute settlements. Considering the significant increase in volume of transactions and it has been decided to segregate authorised and dispute settlements to facilitate timely completion of the daily settlement process.

1. As the above table shows, settlement cycles between 1 to 10 will now only comprise authorised transactions. Consequently, no disputes will be processed in these cycles. There will be no change in the existing cut-ov...