New Delhi, April 30 -- The National Payments Corporation of India (NPCI) has rolled out a regime of faster response time of UPI (Unified Payments Interface) transactions. In a recent circular dated April 26, National Payments Corporation of India (NPCI) has announced a set of revised timelines for different category of UPI transactions.

For request pay and response pay (debit and credit) on UPI, the revised response time will be 15 seconds instead of 30 earlier, reads the circular.

For checking the status of transactions, the revised response time will be 10 seconds instead of 30 earlier. For transaction reversal, existing response time is 30 seconds which will now be reduced to 10 seconds.

And if someone wants to validate the address,...