VPA full form in UPI, functions, and its benefits
By Srikanto Mandal 30 Sept, 2022
VPA stands for Virtual Payment Address.
VPA is basically a virtual address through which you can transfer and receive UPI money.
This is a unique financial address that you can use to send and/or receive money to your bank account through UPI.
When you create your UPI account on any UPI enabled app like BHIM, Paytm, Google Pay, a VPA address is automatically generated.
Every VPA has a standard format, which consists of your mobile number/name/email ID followed by the name of the bank or third party app.
Anyone can transfer money from one bank to another bank 24*7 through VPA.
While using VPN, we don't need to share our complecated details like bank account number, IFSC code, branch name etc.
You can easily share your VPA to get money in your bank account.