what is payer virtual address in upi

A Virtual Payment Address (VPA) is a unique identifier used in the Unified Payments Interface (UPI) system in India. It acts as an ID independent of your bank account number and other details, and helps UPI to track a persons account. A VPA can be anything ranging from your name, the first half of your email address, or even your mobile number. It is like an email ID for your money. Once you have installed a UPI-enabled app, you are required to choose a UPI ID for all your further transactions. Upon entering the VPA and the amount to be sent/received, you must enter the valid UPI PIN that was created while registering with UPI. The advantages of using a VPA for UPI payments are that you don’t have to pay additional transaction charges and that the receiver will not know your bank account details as they can only view your virtual payment address.