What is a beneficiary UPI ID?

A beneficiary UPI ID is a unique virtual payment address (VPA) belonging to a person or entity to whom you intend to send money. It acts as a digital identifier, allowing for secure and instant fund transfers directly to their linked bank account without needing their account number or IFSC code. Adding a beneficiary UPI ID to your app provides several benefits:

• Speeds up future transactions by saving contact details.
• Reduces the risk of manual entry errors.
• Ensures secure transfers as the identity is verified through the NPCI network.