What Is Virtual UPI-VPA Creation Enrolment API

Virtual Unified Payment Interface (UPI), the latest payment technique, is the trending payment mode among individuals for money transfers, bill payments, and merchant payments. The advantages of 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 (VPA). A Virtual Payment Address (VPA) is a unique identifier that helps UPI to track a person’s account. It acts as an ID independent of your bank account number and other details. VPA can be used to make and request payments through a UPI-enabled app. You need not fill in your bank account details repeatedly for making multiple payments.