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.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

P2M TransactionsLast Updated: July 11, 2025

Introduction P2M (Peer-to-Merchant) transactions are UPI payments made by customers to businesses for goods or services. Definition The…

Cash CreditLast Updated: November 14, 2025

Meaning Cash Credit is a short-term loan provided by a bank to businesses to meet working capital needs.…

AmortizationLast Updated: December 12, 2025

Meaning Amortization means gradually reducing a loan or asset value over a fixed period. Definition It refers to…

Peer-to-Merchant (P2M) TransferLast Updated: July 11, 2025

Introduction Peer-to-Merchant (P2M) Transfer refers to UPI transactions where a customer sends money to a business or service…

ELSS (Equity Linked Savings Scheme)Last Updated: December 12, 2025

Meaning & Definition ELSS is a tax-saving mutual fund that primarily invests in equities. It offers tax benefits…