What Is Meant By Vpa In Bhim App

The bhim app offers the ease that other mobile wallets offer.

What is meant by vpa in bhim app. With upi fund transfers can be initiated without ifsc code or bank account number. Vpa is a unique address which simplifies the upi to function more securely. In reality the bhim app is an improved version of the existing bank upi apps.

This feature enables a user to initiate a collect request by entering virtual payment address vpa. If a customer has to transfer you the money to your bank account then details such as bank account number ifsc are required to be shared with the transferor. Additionally through bhim app one can also transfer money using mobile if it is registered with bhim or 99.

Vpa stands from virtual payment address which is popularly known as your unified payment interface upi id. The vpa helps users to enable services upi after the id is generated from a upi application such as google pay phonepe paytm and more. For example with bhim you can get a vpa like 9900000000 upi.

Example of vpa if you are using bhim app by default your vpa is your mobile number followed by followed by upi. Verify the details add the amount and comments if any and click pay. The bhim app offers a very simple user interface and most importantly it enables users to create a vpa with a verified mobile number.

Authenticate with your mpin to confirm the payment. Virtual payment address also referred as vpa is something like an email id which is given to an individual using the unified payment interface upi service to send or receive money. This video will explain about using bhim app to create vpa accounts and using upi payment transactions.

It replaces the bank account details of the user. However you can create your own vpa like johny upi etc. The bhim app then fetches the payee details if the vpa or mobile number is registered on bhim.