UPI: Users got a big gift, this change will happen in UPI, how will you benefit?

Users will see new changes in UPI (unified payment interface) today. NPCI keeps making changes regarding UPI payment every day. The purpose of this new change is to facilitate transactions through UPI apps PhonePe, Google Pay, and Paytm.

What has changed?

According to the information received about this, now the time limit has been reduced in some services related to UPI payment. This information has been taken from the circular issued by NPCI. Now the response timing related to transaction status and reversal has been reduced to 10 seconds. This process used to take 30 seconds earlier.

Earlier users had to wait for 30 seconds to know whether the payment was completed or not. It has now been reduced to 10 seconds.

Along with this, the time limit for validating addresses (pay and collect) has also been reduced from 15 seconds to 10 seconds.

What is the purpose of the change?

The circular states that the purpose of this change is to make the user experience better. Users' time will also be saved as it will take less time.

You can make payments up to this amount.

Through UPI apps like PhonePe, Google Pay, and Paytm, you can transact up to Rs 2 lakh in lump sum or installments. After the arrival of the UPI app, making payments has become easier. You no longer need cash for payment.

Today UPI payment service is available to you in every small and big shop. However, with the payment becoming digital, the risk of fraud has also increased. To avoid cyber criminals, you must take caution while making payment through any UPI app.

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