What is a UPI VPA address?

A Virtual Payment Address (VPA) is a unique identifier used in the Unified Payments Interface (UPI) system to send and receive money. It acts as a digital alias for your bank account, typically appearing in a format like username@bankname. Key features include:

• Enhanced Security: Transact without sharing sensitive details like your account number or IFSC code.
• Convenience: It is easy to remember and simplifies peer-to-peer and merchant payments.
• Linking: A single VPA can be linked to multiple bank accounts, with one set as default.