What is VPA (or UPI ID)?
VPA (or UPI ID) is a virtual payment address by which you can send or receive money to any bank account digitally without any hassle 24×7. You don’t have to remember the hectic account numbers, Aadhaar Nos. and IFSC’s codes or other messy things, which requires transferring money. You just have to remember the VPA of the payee and that’s it. UPI is different and convenient to the other type of transaction methods like internet banking, IMPS etc. (more…)