What is a UPI virtual payment address?

A Virtual Payment Address (VPA) is a unique identifier used to send and receive money through the Unified Payments Interface (UPI) system. It acts as a digital ID, allowing users to link multiple bank accounts to a single address without sharing sensitive banking details like account numbers or IFSC codes. Key features include:

• Format: Typically resembles an email address, such as name@bankname.
• Privacy: Keeps your actual bank account details confidential during transactions.
• Convenience: Eliminates the need to remember long account numbers for every transfer.
• Security: Transactions are authorized using a secure UPI PIN.