We would like to show you a description here but the site won’t allow us. But what is UPI ID and why is it a key part of cashless transactions in India? So in this article, we’re discussing everything you need to know. An UPI ID means an identifier used to make digital payments through a payment interface. It is the virtual address mapped with banking account details. UPI ID is a virtual payment address (VPA) used to make digital payments without sharing bank account details. A UPI ID is a unique and distinct address that identifies you and links your bank account to the UPI payment system through a secure payment gateway in India. UPI ID serves as a recognisable address, enabling users to send and receive money effortlessly.
