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...
UPI ID is a unique Virtual Payment Address (VPA) that is created automatically when a user creates an account on UPI-supported apps with the mobile number registered with his bank, like Paytm, Google Pay, etc. In addition to this, users can also create a custom UPI ID on their own by ...
PhonePe, PayTM etc., are some of the most common UPI-enabled apps in India. Then there is BHIM, the official app developed by The National Payments Corporation of India. All these apps allow you to transfer funds via a unified payment interface...