A UPI ID, also known as a Virtual Payment Address (VPA), is used to send and receive money directly from your linked bank account. To use it, follow these steps:
- To Send Money: Select the option to pay via UPI ID in your app, enter the recipient's UPI ID, verify their name, enter the amount, and authorize the payment using your secure UPI PIN.
- To Receive Money: Share your unique UPI ID with the sender. The funds will be credited instantly to your linked bank account without sharing sensitive banking details.