Virtual Payment Address (VPA) – What Is VPA In UPI?

VPA Virutal Private Address

In recent years, the way we pay for services and products has changed. The advent of a cashless economy has made a significant impact by changing how we receive and send funds.

With the help of the Virtual Payment Address(VPA), we can now send and receive money by just using a mobile phone. 

This unique identification address helps the UPI payment gateway to identify your authorization with a particular account.

What Is VPA?

Virtual Payment Address(VPA) is a unique identification address that helps UPI payment gateways identify your authorization with a particular account.

Just like you have a postal mail address, Email address, VPA also helps locate the owner, so the transferred funds are received by an authorized person or owner of a particular VPA. 

The UPI service providers provide VPA. A VPA does not need any bank account number, Card details, or confidential information that makes it a secure way to transfer funds. 

Recommended: How is e-RUPI a game-changer?

What Is My VPA In UPI ID?

Virtual Payment Address (VPA) is also known as UPI ID. Generally, a UPI ID or VPA follows the same format, which is name@bankname. For example – ramkumar@ibl, 345232@ybl, reddy234@hdfcbank, etc. 

You can check your UPI ID on your UPI payment gateway platforms such as Google Pay, Paytm, PhonePe, etc. If you want to check your VPA, you can learn from the following guide. 

  1. Open UPI application, let’s say PhonePe.
  2. On the home screen of PhonePe, click on the Profile Icon in the top left corner.
  3. Tap on the My UPI ID option.
  4. The PhonePe app will list all UPI IDs you have. 

How To Create VPA?

VPA can be created from a UPI payment system. To create a VPA, consider the following steps:

  1. Download any UPI app (Paytm, Google Pay, etc.)
  2.  Complete your mandatory verification process and complete account setup.
  3. Link a bank account to the UPI app. 
  4. Now, the app will provide you an option to create a UPI ID or VPA.
  5. A VPA is written in a specific format as name@bankname. Create your VPA; if the ID is available, confirm your choice. 
  6. Your VPA or UPI ID will be activated instantly, which you can use as a “Virtual Payment Address.”

Recommended: How e-RUPI is different from a digital currency?

Uses And Benefits Of VPA

  • Monitor the status of any of your recent transactions by using VPA.
  • Safe and private way of the transaction as none of your bank account credentials are revealed.
  • Just like your mobile number or email address, VPA is easy to remember.
  • VPA can be changed at any time and activated instantly.
  • VPA is available 24*7*365. 

Transactions Via VPA

For making transactions on a Unified Payments Interface (UPI), every UPI application must integrate an authorization framework that uses your virtual payment address (or VPA) to send and receive funds.

Once connected, every transaction you make through your payment app is done with your VPA.

How To Transfer Funds To A VPA?

  1. Download any UPI app (Paytm, Google Pay, etc.)
  2. Tap on the “Pay or Send Money” options.
  3. While paying, select the option or “Paying through UPI ID.” 
  4. Enter the UPI ID.
  5. Enter the amount and pay your beneficiary.

* Majority of UPI applications follow a similar procedure to send funds using VPA or UPI ID. 

Recommended: 50-30-20 Rule of Money is the Answer to Your Dreams

Is It Safe To Share My VPA With Anyone?

If you are concerned about safety, then switch to VPA. VPA eliminates every chance of fraud by not requiring you to share your bank details. Instead, you share your payment address which is encrypted.

The only person with the correct information to spend your money on is you.

Is It Possible To Link Multiple Bank Accounts To One VPA?

Yes, it is possible. But you will need to make one of your virtual payment addresses (VPAs) the default address to send and receive payments;

otherwise, you may have to constantly specify from which VPA to send from or from which address to receive funds from every time you do so.

What Is The Expiry Date Of A VPA?

Virtual payment addresses never expire. If your account becomes temporarily inactive, then it doesn’t matter because your address keeps on working.


How Does Netflix Make Money?

How to Make Money with Bitcoin?

Old Money Vs New Money: Which One is Better?