What is a virtual payment address?

A Virtual Payment Address (VPA), also known as a UPI ID, serves as a unique virtual identity for a user's UPI-enabled bank account. It eliminates the need to share sensitive bank details, such as the account number and IFSC code, during transactions. The VPA is a combination of letters, numbers, and special characters (e.g., username@bankname), simplifying and securing peer-to-peer transfers, bill payments, and online shopping.