Virtual payment address: A UPI ID or VPA

A UPI ID or VPA (Virtual Payment Address) is a unique ID that is used to make UPI payments in place of bank account details. A PhonePe UPI ID is a unique ID linked with your bank account which has at least 3 characters followed by a handle (@ybl / @ibl). VPA is a unique identifier for UPI transactions that eliminates the need to share bank account details. Learn how to create a VPA on Paytm app, link it to your bank account, and send money using VPA securely and conveniently. VPA, or Virtual Payment Address, is a unique identifier used in the Unified Payments Interface (UPI) system that simplifies online transactions. In banking, VPA allows users to send and receive money without needing to share sensitive information like bank account numbers or IFSC codes. Explore the Virtual Payment Addresses (VPA) world within the Unified Payments Interface (UPI) ecosystem. Understand their function, benefits, and step-by-step instructions for creating your own VPA. This guide will help you harness the full potential of seamless digital transactions.