To use UPI, users first download a UPI-enabled app, such as PhonePe, Google Pay, or Paytm. After installation, they register by linking their bank account and creating a unique virtual payment address (VPA), such as user@bankname, which serves as theirUPI ID. Step 2. Initiating a Transa...
Create a unique ID Your UPI ID will act as your financial address. This will allow you to make transactions without having to remember the bank account details (like bank a/c number, IFSC code, etc). A VPA is typically a combination of numbers and alphabets. The 1st part of the VPA c...
UPI ID or the Virtual Payment Address (VPA) is a unique ID created to send or receive money through the UPI. Having a UPI ID (linked with a UPI-enabled bank) enables a user to receive money in his bank account without sharing his account number or other details. The user can simple ...