{"id":2831,"date":"2020-04-20T15:33:13","date_gmt":"2020-04-20T10:03:13","guid":{"rendered":"https:\/\/rzpwp.blog\/?p=2831"},"modified":"2025-02-13T08:36:27","modified_gmt":"2025-02-13T03:06:27","slug":"saved-upi-virtual-payment-address-feature","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/saved-upi-virtual-payment-address-feature\/","title":{"rendered":"Introducing Virtual Payment Address (VPA) for UPI Payments through Razorpay"},"content":{"rendered":"

UPI has become the most preferred payment method across India, but one problem that consumers still face is remembering their UPI Virtual Payment Address (VPA)<\/a>. Given the way VPAs are structured, it often also happens that they are entered incorrectly.\u00a0<\/span><\/p>\n

We have observed this to be a major challenge when businesses on our platform accept UPI payments from their consumers. Nearly 20-25% of consumers enter an invalid VPA. Hence, to make your end user\u2019s experience fast and seamless, we are happy to introduce the \u2018Saved VPA\u2019 feature on our Standard Checkout.<\/span><\/p>\n

This feature will allow users to save their UPI VPAs so that they don’t have to enter the same again. The best part is that this feature is aligned to the existing Saved Card feature of Razorpay. So if you are already using the Saved Card feature, it will be really easy for you to understand and integrate.\u00a0<\/span><\/p>\n

We have enabled the Saved VPA by default for all businesses on our Standard Checkout.<\/span><\/p>\n

Must Check: Validate VPA<\/a><\/strong><\/p>\n

What problem will \u2018Saved VPA\u2019 solve?\u00a0<\/span><\/h2>\n

Let’s start with a simple question – Do you really remember all your UPI account VPAs? We know this is not easy.\u00a0<\/span><\/p>\n

In the current scenario, the customer is asked to enter their VPA whenever they are carrying out a transaction via the UPI Collect flow (enter VPA to proceed). Data for users on IOS and desktop shows that 99% of UPI payments are done through the UPI Collect flow (the rest is UPI QR code). For users on Android, there are many apps\/platforms where the UPI intent<\/a> (click on the app to make payment) option is still not available.\u00a0<\/span><\/p>\n

In all of these cases, the user has to enter his correct VPA address to make the payment. Let’s take an example: Rahul has created accounts in all the major UPI apps and has linked his 2-3 bank accounts with these UPI apps. Let say, his VPAs are:\u00a0<\/span><\/p>\n