What is vpa in upi: With UPI

With UPI , users can create a unique virtual payment address ( VPA ) or a UPI ID, which serves as a virtual identity for their bank account. In this blog, we will answer the most asked question, “What’s the difference between VPA and UPI ID?” and help you understand their role in UPI transactions. VPA or UPI ID is a unique ID for sending and receiving money through UPI -enabled apps. Learn what VPA stands for, how to create and customize your VPA on Paytm, and the advantages of using VPA for transactions. VPA Creation: To create a VPA , a user needs to register with a bank or a UPI -enabled payment service provider. During the registration process, the user selects a unique VPA of their choice. Discover what is VPA (Virtual Payment Address) in the UPI system and how it simplifies digital transactions. Learn about its benefits, and how to manage your VPA across popular UPI apps.