UPI Transaction PIN Verification

byPaytm Editorial TeamLast Updated: November 14, 2025

Definition

UPI Transaction PIN Verification is the process of entering a secure 4 or 6-digit PIN to authorize a payment.

Function

It ensures that only the account holder can complete the transaction, protecting against fraud and misuse.

You May Also Like

What is External Benchmark Rate (EBR)?Last Updated: October 11, 2024

Understanding the Concept of EBR  External benchmark rate or external benchmark lending rate was implemented by the RBI…

Contactless PaymentsLast Updated: July 31, 2025

Definition Contactless Payments are transactions where the user does not need to touch the payment terminal physically. These…

UPI Pre-AuthorizationLast Updated: October 21, 2025

Definition UPI Pre-Authorization is the temporary hold of funds on a customer’s account before completing a transaction. Use…