What is a merchant UPI ID?

A merchant UPI ID, also known as a Virtual Payment Address (VPA), is a unique identifier used by businesses to receive payments from customers via the Unified Payments Interface. Unlike personal IDs, it is linked to a business bank account and allows for high-volume transactions. Key features include:

• It acts as a digital address for your business, ensuring funds are routed correctly.
• It allows customers to pay instantly by scanning a QR code or entering the ID.
• It helps in tracking sales and managing business finances digitally.