What Is Meant By Vpa In Phonepe

Phonepe private limited is a leading e commerce payment platform in india.

What is meant by vpa in phonepe. Vpa can be formed through your mobile number your email address or even your name. All that is required is a virtual payment address vpa using which money can be sent at anytime and from anywhere. Through phonepe upi app anyone can send and.

Vpa is a unique identity provided to every account holder for making and receiving payments it stands for virtual payment address. Phone pe app 2017 phone pe phonepe how use bank upi app phone pe tutorial upi upi payment how to use phone pay pay phone pe how to use an. The transaction screen shows all transactions made by customers via phonepe to the merchant during a given time period.

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. The digital wallet company was founded in december 2015. Vpa is a unique identifier that is mapped with an individual bank account.

The vpa looks similar to an email address for example abcdcba oksbibank. With upi fund transfers can be initiated without ifsc code or bank account number. About press copyright contact us creators advertise developers terms privacy policy safety how youtube works test new features press copyright contact us creators.

The virtual payment address replaces the bank account details. 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. Upi enables bank account holders of banks participating in upi to send and receive money using a virtual payment address vpa without entering additional bank information how can i get a vpa.

You understand that the registration process may include access to your mobile network and sending an unique sms using your phone to verify validate register and link your bank account on upi platform and create an unique virtual account number vpa. Vpa or virtual payment address is an address given to the user of upi payment system. Vpa is basically the only details needed to carry out transactions.