UPI is an instant payment system helping in transferring the funds between two parties via a mobile platform. It was developed by the National Payments Corporation of India (NPCI) and controlled by the RBI. UPI transactions are processed through a Virtual Payment Address (VPA) or the UPI ID.
How to find your UPI ID If you are using the BHIM app:
Step 1: Log in with your app password
Step 2: On the main screen, select the “Profile” option from the drop-down menu. Now, you can view your UPI ID with your QR Code.
How to find your UPI ID on Google Pay:
Step 1: Open Google Pay
Step 2: Tap your photo on the top right
Step 3: Tap Bank Account
Step 4: Tap the bank account associated with the UPI ID
Step 5: You will find the associated UPI ID under UPI IDs
How to find your UPI ID on Paytm:
Step 1: Open the Paytm application on your phone.
Step 2: Click on your profile picture displayed on the top left corner of your main screen
Step 3: Your UPI ID and your QR code for receiving any payments will be visible on the screen
How to find your UPI ID on PhonePe:
Step 1: Open the PhonePe application on your phone.
Step 2: Tap your profile picture on the PhonePe app home screen
Step 3: Your UPI ID and your QR code for receiving any payments will be visible on the screen
How to use your UPI ID?
The UPI ID or VPA is what you share with your customers or family when they need to make payments to you. It is the detail that you can use instead of sharing your bank account number.
Picture this: When you wish to send a text message, you must first enter a name or number in the recipient’s section. The UPI ID functions the same way.
If you wish to send funds to someone, you only need their UPI ID and not even their bank account number. Just enter their UPI ID into your app and initiate the payment.
