At the heart of this system lies the UPI ID — also called UPI Address or Virtual Payment Address (VPA). Your UPI ID works like an email address for money transfers, making it easy to send and receive payments without sharing sensitive bank account numbers or IFSC codes. But what is UPI ID and why is it a key part of cashless transactions in India? So in this article, we’re discussing everything you need to know. An UPI ID means an identifier used to make digital payments through a payment interface. It is the virtual address mapped with banking account details. A UPI ID is your identification address in the UPI system, which is typically yourname@bankname or mmyy@ybl. Know how to create it & more. UPI ID is a unique identifier for each customer using the UPI interface to send or accept payments. Read more about it in this complete guide.
