VPA Virtual Payment Address or UPI ID is used to transfer money with UPI Apps - GPay, PhonePe, etc. Create & manage VPA to send & receive money. VPA (Virtual Payment Address) is a digital ID enabling users to send and receive money via UPI-enabled apps, eliminating the need for bank account numbers and IFSC codes. Learn the meaning, benefits, and usage of VPAs. What is VPA in UPI, and why is it replacing account numbers? Understand how Virtual Payment Address works, and learn how to find or create your own. VPA stands for Virtual Payment Address, a unique ID for UPI transactions. Learn how to create, use and edit your VPA or UPI ID on Paytm app and other payment platforms.