What is the meaning of a UPI code?

A UPI code refers to the unique identification and security components used within the Unified Payments Interface system developed by the NPCI. It primarily includes the UPI ID and the UPI PIN. The UPI ID acts as a virtual address for your bank account, allowing you to receive money without sharing account numbers. The UPI PIN is a secret 4 to 6 digit numerical code required to authorize every transaction. These codes ensure that digital payments remain secure, instant, and available 24/7 for users throughout India.