What Is Meant By Vpa In Google Pay
Accept a payment through vpa or upi id upi is a banking system for money transfers on payment apps.
What is meant by vpa in google pay. And coming soon to google pay. Introducing plex a digital bank account in google pay offered by a variety of banks and credit unions. Google payments center lets you view and update user s payments information across different google products.
The vpa looks similar to an email address for example abcdcba oksbibank. After the vpa has been linked with a bank account payment can be made using the pay with vpa option. 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.
Vpa is basically the only details needed to carry out transactions. To pay any person using the vpa enter the beneficiary s vpa amount and remarks and. Your upi id is an address that identifies you on upi typically yourname bankname.
Open google pay. Unified payment interface upi services offer customers the option to create any number of vpas for making and receiving payments. Vpas can contain alphabets and numbers.
Virtual payment address vpa 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. Even if one doesn t use a vpa for quite some time the vpa stays active until it is manually changed deleted by the user. Google pay keeps your money and private information safe with built in authentication transaction encryption and fraud protection.
To add a bank account to google pay your bank must work with upi. Upi enables all bank account holders to instantaneously transfer funds across different banks using mobile phones. Find your upi id to find your upi id.