What Is Meant By Vpa In Upi
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Most frequently asked questions on vpa upi id.
What is meant by vpa in upi. The upi id or vpa is what you share with your customers or family when they need to make payments to you. Upi vpa look like rajivsingh916 icici. It replaces the bank account details of the user.
When you wish to send a text message you must first enter a name or number in the recipient s section. What is vpa in upi payment. What is my upi id vpa.
This unique id can be used for online money transfer across the banks in india similar to imps neft rtgs etc. It is your unique upi id or upi address which you can use to send and receive money via upi. It is also known as upi pin upi code or upi id.
It is the detail that you can use instead of sharing your bank account number. 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. Vpa is a unique id which you create for your bank account.
It hides sensitive data like your bank account number and mobile number. The vpa looks similar to an email address for example abcdcba oksbibank. The virtual payment address or vpa is the most important concept of upi.
Unified payment interface upi services offer customers the option to create any number of vpas for making and receiving payments. A virtual payment address vpa is an identifier that can be uniquely mapped to an individual account. What s the meaning of vpa in upi.
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