Virtual payment address: VPA

VPA, or Virtual Payment Address, is a unique identifier used in the Unified Payments Interface (UPI) system that simplifies online transactions. In banking, VPA allows users to send and receive money without needing to share sensitive information like bank account numbers or IFSC codes. Understanding VPA: Your Key to Secure and Instant UPI Payments VPA, or Virtual Payment Address, is a crucial part of the UPI system that facilitates easy and secure digital transactions without sharing bank details. It functions like a unique address, allowing users to create their UPI ID in just a few minutes and instantly send or receive money. A Virtual Payment Address (VPA) is a unique ID for UPI transfers. Learn how it works, its benefits, how to create one, and how it differs from UPI ID. VPA stands for Virtual Payment Address, a digital ID for UPI transactions. Learn how to create, send, and receive money through VPA with HDFC Bank's PayZapp app.