Current Affairs · Banking and Finance
Following the NPCI software update effective June 2025, which of the following statements regarding UPI transactions in India are correct? 1. The National Payments Corporation of India (NPCI) reduced the response time for processing UPI Request Pay/Response Pay APIs from 30 seconds to 15 seconds. 2. The API response time for checking transaction status and transaction reversals has been reduced to 10 seconds. 3. Users can check their account balance via UPI apps without any daily limit on the number of checks.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 2 and 3
- 2Only 3
- 3Both 1 and 2✓
- 4Only 2
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Both 1 and 2
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