What is VPA in digital payment?

VPA stands for Virtual Payment Address. It is a digital identifier used in the Unified Payments Interface (UPI) system to send and receive funds conveniently. VPA acts as a secure virtual identity for your bank account (e.g., username@bankname), eliminating the need to share sensitive details like account numbers or IFSC codes for transactions. It simplifies digital payments, making transfers quick, secure, and user-friendly.