What is the UPI ID in PhonePe?

A UPI ID, or Virtual Payment Address (VPA), is a unique identifier that links your bank account to the UPI system for instant money transfers. In the mobile payment application, this ID serves as a digital address to send or receive funds without sharing sensitive bank account numbers or IFSC codes. It is typically found in the profile or bank account section and follows a format like mobilenumber@bankhandle. This identifier ensures secure, real-time transactions across the Unified Payments Interface network.