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What is a Virtual Payment Address (VPA) in the context of UPI?

AA physical address for bank branches

BA unique identifier for a bank account number

CA unique virtual address used to facilitate transactions without sharing sensitive account details

DA password for accessing UPI applications

Answer:

C. A unique virtual address used to facilitate transactions without sharing sensitive account details

Read Explanation:

A Virtual Payment Address (VPA), often called a UPI ID, is a unique digital identifier used for sending and receiving money through UPI-enabled applications.

It acts as an alias for your bank account, meaning you can share this simple address (like yourname@bankhandle) instead of disclosing sensitive details like your bank account number and IFSC code. This makes transactions much simpler and more secure.

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